Patrick Anderson

panderson@argusleader.com

A Sioux Falls-based farming technology company has landed a $40 million investment from Google Ventures.

Farmers Business Network announced the news Tuesday, saying Google’s investment marks the South Dakota company's single biggest round of capital ever.

Google Ventures already held stake in the farming data company after investing $15 million in 2015. The firm announced plans in August to add 90 jobs at its national operation center in Sioux Falls.

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“Our mission is to help farmers better organize their precision data on their farm, and cut input costs,” said Andy Cahoy, head of sales development.

Google Ventures, another arm of parent company Alphabet Inc., has invested in firms such as Slack, Uber and TuneIn.

Farmers Business Network organizes information about crop yield and planting for farmers, and then gathers the data anonymously and uses it to create maps and other resources to help guide production in the field.