Absolute raised $100 million in its first institutional funding round from Sequoia Capital India, Alpha Wave Global, and Tiger Global Management.
The company will use the capital to strengthen its plant bioscience R&D platform BioX, a Farm Operating System (FARM OS), which works with diverse plantations, and a global trade platform for the produce.
Absolute is constantly fostering research to drive exponential innovations inspired by biology to create the next agricultural revolution that is resilient and sustainable. This capital helps us with technology expansion, hiring talent, and scaling to newer markets and segments.