Banking / Finance

Monsanto Pays $1 Billion For Big Data Company That Monitors Climate Change

Monsanto, the agri-business giant that is oft-criticized for pushing genetically modified organisms as food, has acquired The Climate Corporation for about $1.1 billion, according to Techcrunch. Climate Corp is a San Francisco-based big data company that monitors the weather in order to provide crop insurance for farmers. It was backed with $109 million in venture capital funding.

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