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Bayer, Viking make record bet on agricultural tech
The two are among those who have raised US$100m for a new venture
Add BT as a preferred sourcePublished Tue, Sep 19, 2017 · 09:50 PM
Chicago
BAYER AG is joining with hedge-fund giant Viking Global Investors for a record wager in the burgeoning world of agricultural technology, the latest bet that farmers are going to need new tools to feed a growing population.
Bayer and Viking were part of a Series A round of financing that raised US$100 million, the most-ever in the sector, according to the companies. The investment was made in a venture between Bayer and Ginkgo Bioworks, a Boston-based biotechnology company that specialises in modifying genes of microbes.
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