Pluton Biosciences Raises $16.5M Series A led by Illumina Ventures and RA Capital to discover and deploy microbes that will fight climate change
Summary
LOUIS, May 24, 2023-- Pluton Biosciences, a startup leveraging the power of microbes to create cost-effective innovative solutions that address sustainability challenges facing agriculture, announces the close of a $16.5 M Series A funding round. "It will also enable us to expand our team, advance a microbial-derived pesticide to combat the fall armyworm, and harness the full potential of our Micromining platform to swiftly identify tailored solutions for agriculture." Illumina Ventures Charles Lin, PhD, who has joined Plutons Board of Directors, expressed his excitement about the funds first AgBio investment, "In the past two decades, we have witnessed how genomics revolutionized the landscape of human diagnostics and therapeutics. Pluton discovers novel microbes and develops world-changing solutions to the planets big problems, addressing challenges to climate and agriculture by tackling carbon sequestration and crop protection, sustainably improving the way we grow food. Their proprietary platform is one of a kind in the ag and food industry, filling a huge void in the market by identifying the most innovative technologies and accelerating them with a range of value-creation initiatives.