Bill Gates' green tech fund bets on Silicon Valley farming robots

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As California struggles with another crippling drought, a Silicon Valley startup that believes robots can grow produce more sustainably said Wednesday it raised $50 million in a funding round led by Bill Gates' Breakthrough Energy Ventures.

Iron Ox uses robots that are integrated with a hydroponic system consuming 90% less water than traditional farms, said CEO Brandon Alexander.

"Then they say, 'What is missing? What does that plant need that we're not giving it'," Alexander said. Any water not used can be pumped back into the system to be reused later. Iron Ox grows Thai basil and strawberries and is working on cilantro, parsley, and tomatoes. The company is also building a new 535,000-square-foot greenhouse in Lockhart, Texas, 30 miles south of Austin.

 

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