St. Louis-based biotechnology company Benson Hill Biosystems announced Monday it has raised $60 million in a Series C funding round led by GV, the venture capital arm of tech giant Alphabet, Inc.
The round also featured investment from Activant Capital and Tao Capital Partners, as well as existing investors Alexandria Venture Investments, Fall Line Capital, iSelect Fund, Lewis & Clark Ventures, Mercury Fund, Prelude Ventures and S2G Ventures, according to a press release.
Benson Hill will use the capital to work on its CropOS technology, which aims to accelerate the development of new crops through the use of machine learning and big data, according to the release.
The technology harnesses the natural genetic diversity of plants to rapidly create crops that are more sustainable and nutrient-rich, the company said.
Benson Hill had raised just more than $32 million as of July, the St. Louis Business Journal reports, and employs about 75 people between its St. Louis headquarters and another office in North Carolina.