
UAE indoor farmer Pure Harvest nets $65m to fund Asia expansion
The Abu Dhabi-based company will add over 100 crops to its portfolio, as well as new CEA technologies, through its collaboration with PlanTFarm.
The Abu Dhabi-based company will add over 100 crops to its portfolio, as well as new CEA technologies, through its collaboration with PlanTFarm.
David Rosenberg, the vertical ag company’s CEO, said that “proceeding with this transaction is not in the best interests of our shareholders.”
The US startup is growing a plant that can help to reduce the carbon footprint of animal agriculture and become a new ingredient for alt-proteins.
The Trondheim-based startup believes it’s differentiated by its use of on-site edge processing, rather than relying on cloud computing.
Tilapia farming can help feed sub-Saharan Africa’s booming population. But investment in everything from basic infrastructure to technology is needed first.
N.Thing said the funds will go towards worldwide commercialization of CUBE, its modular, software-powered vertical farming system.
Artemis and iUNU will explore opportunities to offer more financing solutions to their CEA customers after the deal completes.
It will use a chunk of the funding to open its largest facility yet: a leafy greens and berries-focused greenhouse in Lockhart, Texas.
Marine bioproducts derived from resources like algae could add $3 billion to the Australian economy by 2035 – while also building a more resilient food system.
Don’t forget to register for the GROW Impact Accelerator’s virtual Demo Day taking place next week.
It’s “an instrumental step in upscaling the European insect sector,” according to industry group IPIFF.
They’re hoping the insights they derive will revolutionize outdoor production, too.
Novel Farming Systems – which includes CEA, aquaculture, and insect production – was the second best-funded agtech category last year, according to AgFunder.
The US startup said it plans to build a “national network of new high-tech farms that will accelerate the salad industry’s transition to indoor farming.”
The startup aims to grow its footprint across Saudi Arabia and the UAE, as well as US regions “where growing conditions are harsh.”
Kalera will instantly expand its global presence by acquiring &ever, which operates vertical farms across Europe, Southeast Asia, and the Middle East.
In the wake of a $160 million Series B round, 80 Acres CEO Mike Zelkind argues that some valuations in the indoor ag industry are exaggerated.
CropWalk CEO Charlie McKenzie said that his company’s clients “want us around more often; with iUNU, we can be there all the time.”
Rise Gardens founder Hank Adams launched the in-home farming startup after finding the economics of large-scale indoor farming too daunting.
AppHarvest also announced the appointment of former Amazon tech exec Mark Keller to head up its on-farm robotics efforts.
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