Monday, May 8, 2017

HydroBio Acquired By The Climate Corporation

Denver-based agricultural software developer HydroBio has been acquired by The Climate Corporation, which is a subsidiary of Monsanto Company, The Climate Corporation announced this morning. Financial details of the acquisition were not announced. HydroBio's software is used by farmers to monitor irrigation of their fields, helping to monitor crop health and integrating that data with equipment. HydroBio was venture backed by Monsanto Growth Ventures (MGV), the venture capital arm of Monsanto Company, and has been using HydroBio's irrigation management software via its own offering in Europe, AquaTEK, which is used for irrigation management of corn. HyderoBio was led by co-founder and CEO Barrett Mooney.