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    PartsTech, a Boston-based car component startup, bags $35 million

    PartsTech, a Boston-based car component startup, bags $35 million

    Gradiant raises $225 million in Series D, enters the unicorn club

    Gradiant raises $225 million in Series D, enters the unicorn club

    Ohmium, a green hydrogen startup closes $250 million Series C

    Ohmium, a green hydrogen startup closes $250 million Series C

    Vedanta Biosciences, a clinical-stage company, secured $106.5 million

    Vedanta Biosciences, a clinical-stage company, secured $106.5 million

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      PartsTech, a Boston-based car component startup, bags $35 million

      PartsTech, a Boston-based car component startup, bags $35 million

      Gradiant raises $225 million in Series D, enters the unicorn club

      Gradiant raises $225 million in Series D, enters the unicorn club

      Ohmium, a green hydrogen startup closes $250 million Series C

      Ohmium, a green hydrogen startup closes $250 million Series C

      Vedanta Biosciences, a clinical-stage company, secured $106.5 million

      Vedanta Biosciences, a clinical-stage company, secured $106.5 million

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      Bill Gates’ Green Tech Fund Backs Silicon Valley’s Farming Robots

      USTechTimes Editor by USTechTimes Editor
      September 28, 2021
      Bill Gates’ Green Tech Fund Backs Silicon Valley’s Farming Robots

      Iron Ox is developing robots integrated into a hydroponic system.

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      Iron Ox, an agricultural robot startup, has recently raised $ 53 million in a Series C investment round led by Breakthrough Energy Ventures. Established by Bill Gates after retiring from Microsoft, Breakthrough Energy Ventures is a climate fund encompassing several different organizations.

      Since retiring, Bill Gates has continued to invest in companies dedicated to tackling climate change. Now the founder of Microsoft put his money into a startup that develops robots that can sustainably grow plants.

      The startup is developing robots integrated into a hydroponic system, which consumes 90 percent less water than traditional farms.

      “World-class investors know that humanity’s most important quest is to reverse climate change. To get there, we cannot settle for increasingly sustainable crops, and we cannot ask consumers to commit to taste, convenience or value, “Iron Ox CEO and Co-Founder Brandon Alexander said in a statement.

      About Iron Ox

      Iron Ox operates farms in Northern California and, earlier this year began construction of a new one measuring approximately 49.7 thousand square feet in Lockhart, Texas.

      Iron Ox, launched autonomous farming in 2018, grows to produce in proprietary greenhouses designed from the ground up to mitigate the environmental impacts of agriculture — a data-driven approach backed by plant science, robotics and artificial intelligence.

      The robots designed by the company have sensors that allow them to measure the nitrogen and acidity levels of the water to achieve healthy plant growth. The technology company has strawberries, Thai basil and is developing those of tomatoes, parsley and coriander.

      The closed-loop system optimizes plant yield, expands growth cycles and maximizes crop quality. The result is delicious, nutritious, locally sourced fruits and vegetables that currently cost about the same as produce from conventional farms, with substantially lower environmental impacts.

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      USTechTimes Editor

      USTechTimes Editor

      USTechTimes.com is an independent new media site that focuses on the latest technology and digital news in the United States and around the world. The site focuses on new startup launching, startup funding, and development in the startup space.

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