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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen7/21/2016 1:41:23 PM
   of 1084
 
A seed grows in Boston

Across 1,000 acres of cotton plants in Arkansas, Tyler McClendon is running an experiment.

The seeds are the same, as are his company Oxbow Agriculture’s methods of growing them. But just ahead of planting the cotton seeds in April, Oxbow coated them with a special microbe not usually found in its cotton plants. Their presence is expected to increase McClendon’s cotton yield by about 10 percent.

The microbes are the first commercial product from Indigo, a Boston startup that is testing bacteria, fungi and other tiny organisms’ ability to improve crops’ hardiness. The company announced a $100 million Series C funding round today that will go toward expanding research and development, and to prepare for the launch of a similar product later this year targeting wheat.

Officially launched today, the cotton treatment contains bacteria harvested from cotton plants that Indigo observed continued to thrive even under drought conditions. The product is expected to give other cotton plants a similar ability.

techcrunch.com

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