The Climate Corporation has raised $50 million to continue providing automated insurance programs for American farmers. The round was led by Founders Fund and included exisitng investors Khosla Ventures, Google Ventures, NEA, Index Ventures, Atomico, Glynn Capital, and Western Technology Investment. At a cost of $30 an acre, the company’s insurance pays out 10x if a covered weather event like rain or drought happens. The San Francisco-based company founded by former-Googlers has raised $110 million in total to date. [Source AllThingsD]