Trace Genomics

Trace Genomics is a biotechnology company that specializes in analyzing soil health through DNA sequencing and metagenomics. Founded in 2015, the company uses advanced genomics, soil science, and machine learning to provide comprehensive insights into soil composition and microbial activity. Trace Genomics' flagship product, TraceCOMPLETE, offers detailed soil analysis that goes beyond traditional chemical tests, examining the soil's biology, physical properties, and chemistry. The company's proprietary TESS (Trace Environment Soil System) engine digitizes and decodes soil biology, providing farmers and agronomists with actionable data on nutrient cycling, pathogen presence, and overall soil health.

Trace Genomics' technology allows for the identification of microorganisms in soil samples, offering information on their abundance and functions. This data helps farmers make informed decisions about crop selection, fertilizer application, and disease management. The company's soil analysis can detect the presence of pathogens, assess nutrient mobilization potential, and measure microbial biodiversity. As of February 2024, Trace Genomics had raised a total of USD 56 million in funding, including a recent USD 10.5 million Series B round. The company's soil microbiome database is one of the largest in the agricultural sector, covering over 58 million acres in the US as of May 2023.

Key customers and partnerships

Trace Genomics has established partnerships with various entities in the agricultural sector. In June 2022, the company entered into a multi-phase partnership agreement with Verdesian Life Sciences to validate and position biological products for nutrient management. This collaboration aims to develop next-generation nutrient use solutions by combining Trace Genomics' soil intelligence with Verdesian's biological solutions.

The company serves farmers and agronomists across the US, providing them with soil health insights to optimize crop production. Trace Genomics has also expanded its reach to Canada through a partnership with Taurus Ag. The company's client base includes individual farmers like Mike Toelle, who grows soybeans, corn, and alfalfa, as well as agricultural consultants like Jason Stegink, who uses Trace Genomics' services for his clients in western Michigan. Additionally, Trace Genomics collaborates with Ward Laboratories, Inc. to offer soil microbiome testing as part of their agricultural testing product offerings.