Absolute Raises $100 Million The funds will be used to strengthen its plant bioscience R&D platform BioX

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

Absolute, a plant bioscience startup, has raised $100 million in its first institutional funding round from Sequoia Capital India, Alpha Wave Global, and Tiger Global Management.

The funds will be used to strengthen its plant bioscience R&D platform BioX, a Farm Operating System (FARM OS), which works with diverse plantations and a global trade platform for the produce.

"At Absolute, we are constantly fostering research to drive exponential innovations inspired by biology to create the next agricultural revolution that is resilient and sustainable. This capital helps us with technology expansion, hiring talent and scaling to newer markets and segments," said Agam Khare, Founder and CEO, Absolute, in a statement.

"The team at Absolute has spent years researching every crop and truly understanding why plants grow, behave, and live in certain ways. The Sequoia Capital India team is proud to partner with this visionary team on their path-breaking solutions to bring value to the agriculture economy," said GV Ravishankar, MD of Sequoia India, in the statement.

The startup was founded in 2015 by Agam Khare, Prateek Rawat and Samder Singh. Its offering includes artificial intelligence (AI)-driven FARM OS that can be implemented across vertical and open farms which enables farmers to grow crops without using synthetic enzymes.

Shrabona Ghosh

Correspondent

A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Related Topics

Business News

Airbnb Renter Discovers Hidden Door, Says Police Confirm There's a Secret Unit Upstairs With 'Surveillance': 'A Terrifying Experience'

One bride-to-be was in for a not-so-welcome surprise when she discovered a secret door in her Airbnb rental.

News and Trends

How 5G Is Helping Enterprises Scale Their B2B Ventures

Enterprises are coming up with 5G solutions partnering with other companies, which provide fast and more dependable connectivity, proving advantageous for sectors, such as financial services, technology, life sciences, healthcare, telecom, media and entertainment

Business Ideas

55 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

News and Trends

Cryptographic Security Startup Silence Laboratories Secures USD 4.1 Mn Led by Pi Ventures and Others

Silence Laboratories aims to use the funding in scaling the technology and business teams to lead global market penetration and establish a robust R&D pipeline.

Business News

Klarna Says Its AI Assistant Does the Work of 700 People. The Company Laid Off the Same Number of Employees 2 Years Ago.

The AI bot has taken on 75% of Klarna's customer service chats, or about 2.3 million conversations, within a month of launch.