Jane Lee of Reuters reports on Pivot Bio, a startup that is using microbes to replace synthetic fertilizer.
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- By using microbes to replace synthetic fertilizers, Pivot Bio’s products are reducing the environmental footprint of certain agricultural practices.
- Pivot Bio’s products take the microbes that occur naturally in the soil and use them to convert atmospheric nitrogen into ammonia to feed its plants.
- The innovation of the private sector is creating a healthier environment.
“Pivot Bio’s products use microbes to create and feed nitrogen to corn and wheat crops. It said on Monday it has raised $430 million in a funding round led by Silicon Valley venture capital firm DCVC and Singapore’s Temasek Holdings (TEM.UL), bringing total funding to $600 million.”
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