BREAKING: Gro Intelligence lays off 60% of staff, secures some 11th hour funding
According to one industry source, Gro received “some money with a lot of conditions.”
According to one industry source, Gro received “some money with a lot of conditions.”
CTO James Cariello has been named as the new CEO at the firm, which recently laid off 10% of its staff and has been trying to raise fresh capital through a convertible bond.
“The CEO got all [of the] company [together] in a less than five-minute call and the affected ones were disconnected less than an hour and a half afterwards.”
Overhauling the global food system could end undernutrition by 2050 and provide sufficient income to millions, says nonprofit.
Plus: much ado (and fundraising) about ag robotics and many updates from Israel’s startup scene.
Overstory banks new funding to monitor vegetation with satellites, FarmInsect raises capital to turn insects into livestock feed.
GROW Impact Accelerator startups CarbonFarm, FaunaTech and Exosomm are on mission to improve the health of animals, humans and the planet
While VCs pumped just $3.2 million into farm management software for African agriculture, this is up from 2021.
Australian startups are working hard to change the way we monitor, manage and report soil carbon sequestration.
AI analyst Cersi combines clients’ supplier data with ‘climate, economic, currency and political risk signals’ to create actionable insights for supply chain analysts and procurement teams at Fortune 500 companies in real time.
In the second segment of a three-part deep dive into AI in food, Peakbridge explores how artificial intelligence could transform the food supply chain.
Mercy Corps Ventures is testing blockchain to get cash transfers to pastoral communities in Africa ahead of climate shocks.
As artificial intelligence, machine learning, and robotics continue to evolve, smart farms will become even smarter.
Plus, two startups raise new capital to improve access and standards for carbon credits.
Insurers offer discounts for avoiding smoking and good driving, so should they incentivize farmers to invest in good soil health?
PerPlant says its tech can monitor fields and generate insights with centimeter-level precision at a fraction of the cost of other tools.
Omnivore has announced the first close of its third fund, with $150m to pump into India startups aiming to make farming more profitable, resilient, and sustainable.
This week, Omeat emerged from stealth with an ‘elegant’ solution to scaling cultivated meat; UPSIDE Foods and GOOD Meat finally got the green light to sell cultivated chicken in the US, and drone startup Guardian Agriculture raised $20m.
Investment in agrifoodtech will be key to the stable, sustainable and prosperous development of Africa, says Saron Berhane.
Five or six years ago the press coverage around cultivated meat was almost universally positive. Today, we’re seeing headlines about cancerous cells, ‘vaporware,’ and business failures. So where does the industry go from here?
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