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Chinese tech giant Tencent leads funding for Future Crops’ soil-based vertical farms
Future Crops stands to benefit from Tencent’s deep domain expertise in AI and automation – as well as its massive footprint in the Asian tech ecosystem.
Future Crops stands to benefit from Tencent’s deep domain expertise in AI and automation – as well as its massive footprint in the Asian tech ecosystem.
The startup recently raised $10 million in a seed round led by Acre Venture Partners.
Jackie Jones and Rachel Downing are two of the major forces behind CEA company Amplified Ag and its mission to evolve container farming.
Bowery announced its acquisition of robotics startup Traptic last week. Here, AFN analyzes the deal and what it means for the wider indoor ag space.
Water scarcity could soon become the ‘new normal’ in many parts of the US, imperilling crop cultivation. But agtech has solutions.
The deal with Nasdaq-listed SPAC Agrico Acquisition Corp is expected to close in the second quarter of 2022.
A strategic partnership with Walmart includes putting Plenty’s vertically-grown greens on Californian store shelves this year.
Co-founder and CEO Jason Green discusses its new 250,000-square-foot facility and the importance of the microbiome.
It will use the funding to launch into other countries through partnerships with local players.
Focusing on higher yields instead of novel technologies will make vertical farming more productive, he tells AFN.
Better tracking around waste, water, and energy usage could help the CEA industry more accurately measure the sustainability of their operations.
The Hamilton, Montana-based company claims its produce reaches shelves “in record time post-harvest” due to its facility’s proximity to retail partners.
Novel Farming Systems ventures raised a total of $911 million in funding during the first six months of the year, according to AgFunder data.
The indoor soil-based farming company will build new facilities with financing from real estate firm Decennial Group.
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.
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.
They’re hoping the insights they derive will revolutionize outdoor production, too.