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Indigo raises $156 million for drought-resistant seeds

Boston-based Indigo, which taps plant microbiomes to improve crop resiliency and water efficiency, has developed cotton and wheat seeds for U.S. farmers facing increased water scarcity.

Corn and soy products are in the pipeline.

The new investment round will help support recently opened offices in Australia and Argentina and increases total fundraising to $300 million, giving the company a reported value of $1.4 billion.

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