Trace Genomics, which uses machine learning to analyze soil samples for farmers, announced Tuesday that it has closed a Series A funding round for $13 million. The round, led by Stage 1 Ventures, brings the company’s total venture funding to over $19 million.
Soil health has become an increasing concern for farmers, who are looking to maximize yields of their crops while also reducing the cost of inputs like fertilizers and pesticides. This is where Trace Genomics comes in—the company takes soil samples collected by farmers and analyzes them to determine what microbes are present in the soil. This enables the company to provide a report to farmers about what crop varieties they need to grow and what types of inputs would be ideal to use during the growing season.