Granular Raises $4.2M; Sells Soil Science Business to Monsanto
Summary
Granular Inc. (formerly known as Solum Inc.), a San Francisco, CA-based provider of cloud business software and analytics offering for farmers, raised $4.2m in funding and sold its soil science business to Monsanto Company (NYSE: MON).The company intends to use the proceeds to expand itd engineering team and sales and customer support teams across the United States.Led by Sid Gorham, CEO, Granular provides a cloud software and analytics platform for farmers to run their business in each of the main functional areas: planning, operations, marketing and finance.The solution captures critical production and financial data from each cropping cycle and uses advanced analytics to suggest opportunities for financial, operational and agronomic optimization.The platform, which was in stealth development in 2013, is now beta testing on several farms in the Midwest.