Trace Genomics Raises $13m Series A Round to Unlock the Power of the Soil for Farmers
Summary
Trace Genomics was founded by Dr. Diane Wu and Dr. Poornima Parameswaran, who met as graduate students in Nobel Laureate Andrew Fire’s lab at Stanford University.We’re passionate about bringing that power to every farmer, using genomics and big data to help them make smarter decisions and materially change our approach to food production,” says Diane Wu, PhD, Trace Genomics’ CEO and Co-founder.After just one year with commercially-available diagnostic tools, Trace Genomics is helping growers of over 70 high-value fruits and vegetables make crucial input and planting decisions, and have tested soil samples representing more than 150,000 acres.Trace Genomics can identify the likelihood of crop diseases such as soybean sudden death syndrome, and can guide growers to decisions that lead to greater nutrient efficiency.The soil microbiome also plays a significant role in providing nutrients to the plant through its roots, and that influences the nutrition content of the food we produce and eat,” said Veery Maxwell, Director at Energy Innovation.
Funding
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