About Solum
Solum is an Agriculture company based in Ames (United States) founded in 2009, and was acquired by The Climate in February 2014. Precision farming hardware and software solutions are developed. Solum has raised $40.54 million across 4 funding rounds from investors including The Climate, Khosla Ventures and Andreessen Horowitz. The company was acqui-hired. Its focus areas include Food and Agriculture Tech, Crop Tech, Farm Management Software and Soil Management. Its legal entity is Solum, Inc. Its competitors include Trace Genomics, Better Earth Agronomy and Talam Biotech; 2 of its 3 listed competitors have raised funding.
Company details
Solum was founded in 2009 in Ames, United States, within the agriculture technology sector. Software, analysis services, and innovative soil measurements were created to support efficient farm management, enhanced crop yields, and optimized input usage for growers and advisors. The soil analysis operations were acquired by The Climate Corporation in February 2014, while the software business was rebranded as Granular Inc.
- Headquarters Ames, United States
- Stage Acquired
- SectorsAgriculture
- Website solum.ag
- Social LinkedIn X Facebook
- Acquired by The Climate (Feb 2014)
- Legal Name Solum, Inc.
- Total Equity Funding$40.54M (USD)
in 4 rounds
- Latest Funding Round$17M (USD), Series B
Dec 2012
- InvestorsThe Climate
& 4 more
- Acquired byThe Climate
(Feb 2014)
Funding Insights of Solum
Solum has successfully raised a total of $40.54M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $17 million completed in December 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $40.54M
- Total Rounds 4
- Last Round Series B — $17M
- First Round $2.04M
(Feb 2010)
- Investors Count 4
All 4 funding rounds of Solum with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2012 | $17M | Series B | – | – | |
| Jul 2012 | $17M | Series A | – | – | |
| Sep 2011 | $4.5M | Series A | – | – | – |
| Feb 2010 | $2.04M | Seed | – | – |
5 investors in total: 5 institutional.
Investors in Solum
Solum has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include The Climate, Khosla Ventures and Andreessen Horowitz.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are funded by this venture capital firm. | 2004 | khoslaventures.com | Menlo Park, United States | |
Venture capital investments in technology sectors are handled by Andreessen Horowitz. | a16z.com | |||
Corporate backed venture capital fund investing in multiple sectors | gv.com | Mountain View, United States | ||
Investments in technology startups are made by Felicis Ventures. | felicis.com | Menlo Park, United States | ||
Integrated platform providing hardware and software for farm and weather data analytics | 2006 | climate.com | St. Louis, United States |
Investor details for Solum
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Timeline of Solum
4 dated milestones of Solum across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Solum is founded.
- Funding First funding round of $2.0M.
- Funding Latest funding round, Series B, of $17.0M.
- Exit Acquired by The Climate.
Competitors of Solum
Solum has 3 listed competitors in our database, 2 of them funded. They include Trace Genomics, Better Earth Agronomy and Talam Biotech.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tracegenomics.com | 2015 | San Francisco, United States | $53.62M | 51 | Developer of technologies to diagnose soil health and soil-borne disease prediction | |
| betterearth.ag | 2018 | Los Angeles, United States | Soil testing solutions are provided using DNA sequencing and AI. | |||
| talam.com | 2012 | Gaithersburg, United States | $3.9M | Provider of platform for soil microbiome analysis |
Detailed competitors of Solum
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Top companies in Crop Tech & Equipment
3 companies that operate in the same segment as Solum (Crop Tech & Equipment) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of plant-based food ingredients | 2012 | St. Louis, Missouri, United States | USD 406.99 M | USD 470 M | ||
Robotic equipment for automating weeding on vegetable farms is developed. | 2016 | San Francisco, California, United States | USD 139.96 M | 73 | ||
Provider of farmers networking platform | 2014 | San Carlos, California, United States | USD 981.09 M | 808 |
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Related news about Solum
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Frequently Asked Questions about Solum
Solum was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Solum is headquartered in Ames, United States. It is registered at Ames, Iowa, United States.
Solum is a funded company, having raised a total of $40.54M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2.04M, raised on Feb 2010.
Solum was founded in 2009 in Ames, United States, within the agriculture technology sector. Software, analysis services, and innovative soil measurements were created to support efficient farm management, enhanced crop yields, and optimized input usage for growers and advisors. The soil analysis operations were acquired by The Climate Corporation in February 2014, while the software business was rebranded as Granular Inc.
Solum's top competitors include Trace Genomics, Better Earth Agronomy and Talam Biotech.
Solum has 5 investors. Key investors include The Climate, Khosla Ventures, Andreessen Horowitz, Google Ventures, and Felicis Ventures.
Solum operates through Solum, Inc..
Yes. Solum was acquired by The Climate in February 2014.