Agency / Source: BASF

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

BASF Venture Capital and Amathaon Capital Acquire Minority Stake in Bioinformatics Company Computomics - BASF Venture Capital GmbH (BVC), the corporate venture company of BASF Group, and Amathaon Capital, a venture capital company specializing in AgTech, are investing in the Tübingen-based bioinformatics company Computomics - Computomics.com / BASF.com
BASF Venture Capital and Amathaon Capital Acquire Minority Stake in Bioinformatics Company Computomics

 

PRZOOM - /newswire/ - Tübingen, Baden-Württemberg, Germany, 2021/10/14 - BASF Venture Capital GmbH (BVC), the corporate venture company of BASF Group, and Amathaon Capital, a venture capital company specializing in AgTech, are investing in the Tübingen-based bioinformatics company Computomics - Computomics.com / BASF.com. Frankfurt (BAS)

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Agriculture / Aquaculture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• Computomics AI recommends crosses adapted to future climatic conditions;
• Plant breeders can significantly accelerate market launch of new varieties;
• Investment promotes innovative solutions for more sustainable agriculture.

BASF Venture Capital GmbH (BVC), the corporate venture company of BASF Group, and Amathaon Capital, a venture capital company specializing in AgTech, are investing in the Tübingen-based bioinformatics company Computomics. Existing shareholders include the seed investors High-Tech Gründerfonds (HTGF) and MBG Mittelständische Beteiligungsgesellschaft Baden-Württemberg (MBG).

Computomics focuses in particular on predictive breeding technology for crops and has developed a cutting-edge artificial intelligence (AI). The technology analyzes the plant’s genome as well as other factors such as local environmental data. Computomics can thus provide its customers with recommendations for the development of higher-performing crops adapted to future climates and speed up breeding. The parties agreed not to disclose the financial details of the investment.

Computomics’ advanced technology enables plant breeders to make a data-based preselection to identify candidates with the greatest yield potential for each environment and each region. The disruptive technology combines traditional plant breeding processes with an extensive set of additional variables, such as the climate and future regional climate change, the soil microbiome, genetic diversity and agricultural practices, in order to fully capture the plant’s environment and its genetics. Taking into account all of this information, it simulates all possible crosses, explores the performance of millions of potential offspring and then chooses the most promising ones.

“Our technology is unique in the market. Using it shortens the time-to-market for a new crop variety and also decreases land and water usage. By using naturally available biodiversity, it represents a competitive alternative to genetic modification,” explains Dr. Sebastian J. Schultheiss, co-founder and Managing Director of Computomics.

With the investment in Computomics, Amathaon and BVC contribute to advancing the multifaceted transformation of agriculture and support the European Union’s Green Deal. Crops that are resilient to climate change, have a significantly higher yield than traditionally bred varieties and thus require less arable land, or are resistant to pests, are an important building block for increasing the sustainability of agriculture. Such new varieties help to reach the European Green Deal’s goal of considerably reducing the use of fertilizers and pesticides. With Computomics’ technology, these varieties can be commercialized with significantly improved resource efficiency.

“We were impressed by Computomics’ pioneering technology and innovative business model,” said Markus Solibieda, Managing Director of BASF Venture Capital GmbH. He added: “The investment in Computomics is the latest in a number of our activities that support BASF’s strategy of fostering innovations to realize the Green Deal. These innovations also include technologies that contribute to producing affordable and sustainable food.”

“It is already apparent that climate change is leading to a geographical shift in arable land and crop varieties. One reason is that agricultural productivity becomes increasingly sensitive with rising temperatures,” said Borris Förster, Managing Director of Amathaon Capital. “Computomics has developed a key technology to bring high-performance varieties that will withstand future climatic conditions to the market faster and more economically.”

Computomics plans to use this investment to expand its global strategic and technical sales and marketing activities and to finance further research and development of its product portfolio. “We are happy to have Amathaon Capital and BASF Venture Capital on board, two investors with a wealth of experience and a synergistic approach in the AgTech sector. They will accompany us on our journey towards greater sustainability in agriculture and support us in expanding our activities,” said Schultheiss.

About Computomics

Computomics (computomics.com) offers a proprietary machine learning technology platform that applies AI to genetics, phenotype, microbiome, and environmental datasets. Computomics is a team of world-leading experts in machine learning, plant research and bioinformatics, who use data to unlock the diversity of biological life. In over 180 projects, Computomics enabled customers to make data-driven decisions and thereby accelerate sustainable agricultural development that can feed the world. Computomics’ interpretable machine learning technology enables rapid understanding of genomic data for plant breeding, agricultural biotech, and microbiome researchers. Long-term entrepreneurial independence is one of the core values of Computomics. Our secure data handling processes ensure that client data are kept confidential and protected.

About Amathaon Capital

Amathaon Capital invests in radical long-term solutions and visionary founders on a mission. Founded in 2020 by Borris Förster, Dr. Tobias Schönhaar and Saxovent Smart Eco Investments, Amathaon is a Munich-based venture capitalist focused on early stage AgTech and AgBioTech companies. Amathaon invests with a synergetic portfolio approach and fosters collaboration between portfolio companies to bring scalable holistic solutions to market and drive innovation in the European AgTech and AgBioTech sector. Among other things, Amathaon focuses on sustainable solutions to enable the implementation of the European Green Deal and to address the growing global labor shortage in agriculture.In this way, Amathaon Capital helps founders to shape the most important part of our food production in a sustainable way.

About BASF Venture Capital (BVC)

At BASF, we create chemistry for a sustainable future. BASF Venture Capital GmbH (basf-vc.com) also contributes to this corporate purpose. Founded in 2001, BVC has offices in Europe, the U.S., China, India, Brazil, and Israel. BVC’s goal is to generate new growth potential for current and future business areas of BASF by investing in young companies and funds. The focus of investment is on new materials, AgTech, Digitization and new, disruptive business models.

About BASF

At BASF (basf.com), we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 110,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €59 billion in 2020.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Agriculture / Aquaculture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: BASF

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Agriculture / Aquaculture articles,
CATCH Visitors via Your Competitors Announcements!


BASF Venture Capital and Amathaon Capital Acquire Minority Stake in Bioinformatics Company Computomics

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Computomics | BASF
Contact: Christian Müller - BASF.com 
+49 621 60-43340 / +49 152 54913724 christian.d.mueller[.]basf.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any BASF securities in any jurisdiction including any other companies listed or named in this release.

Agriculture / Aquaculture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Press Releases From BASF / Company Profile


Read Agriculture / Aquaculture Most Recent Related Press Releases:

DXAS, A Joint Venture Established by Kagome and NEC, to Provide AI Farming Advice and Automated Irrigation Control Services for Pulse Drip Irrigation
The Global Aquaculture Market Witnesses Growth as the Demand for Protein Surges Says Frost & Sullivan
AgroCares Partners with trinamiX to Offer Next-generation Solution for Onsite Nutrient Analysis
BASF and Corteva Agriscience Collaborate to Deliver the Future of Weed Control to Soybean Farmers
BASF Venture Capital and Aqua-Spark Invest in Sea6 Energy
BASF Again Achieves its Palm Commitment - 100 Percent RSPO-certified Palm (kernel) Oil Sourced in 2021
Boortmalt and BASF Collaborate to Promote Climate-smart Agriculture
Shell Qualifies BASF Puristar® and BASF Sorbead® for Green Hydrogen Purification
Kagome and NEC Establish A Joint Venture in Portugal to Provide Farming Support for Processed Tomatoes Using AI
Bosch BASF Smart Farming and Stara Intend to Form First Commercial Sales Collaboration in Latin America

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
.



PREMIUM Members


Visit  Limelon Advertising, Co.

Visit  JobsWare.com

Visit  BizJobs.com







 
  ©2022 PRZOOM - Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today