By Cecilia Butini 
 

BASF SE said Monday that BASF Venture Capital, the group's corporate venture capital arm, is going to invest in Shanghai-based startup SmartAHC, which provides digital solutions to pig farming in China.

Markus Solibieda, managing director of BASF Venture Capital, said the startup--which uses sensor and camera technologies as well as artificial intelligence to help farmers monitor livestock--is a good fit for the company's focus on investments in agricultural technology and digitalization.

"Our investment complements BASF's strategy of promoting sustainability and healthy nutrition," Mr. Solibieda added.

Lan Song, SmartAHC's chief executive, said BASF's investment in the startup will help the company in its plans to increase its research and development capacities and expand its market presence.

 

Write to Cecilia Butini at cecilia.butini@wsj.com

 

(END) Dow Jones Newswires

July 20, 2020 04:29 ET (08:29 GMT)

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