AppHarvest says it needs to raise additional funds to continue operating and that it is pursuing “additional financing alternatives.”
Singrow will expand availability of its genomics-based indoor farming system that produces climate-resilient produce to bolster food security.
‘Jaundiced’ investors that jumped into indoor ag hoping to make a fast buck have got their fingers burned, says Revol Greens CEO Michael Wainscott. “Agriculture is slow, biology is slow, and capital has to reflect that.”
The trough of disillusionment for vertical farming startups is upon us; now comes the time for depression and correction.
How can a crop’s biology be manipulated through breeding for higher profits in the fast-growing indoor agriculture market? Vonnie Estes digs in.
There is one area where indoor farming lags behind traditional agriculture: energy consumption. A few simple measures could change the game.
The Abu Dhabi-based startup said it will use the funding to expand its presence in the Middle East, Southeast Asia, and South Korea.
The Swiss startup will use the proceeds to “deploy pilot units with our prospective clients” in the commercial greenhouse space, CEO Henri Lalande tells AFN.
Future Crops vertically farms its produce in a soil-based substrate which “sticks with what Mother Nature tells us,” Grinspan tells AFN. Plus it’s kosher.
Peter Tasgal of Farmbook Project delves into the costs, benefits and other considerations for pursuing vertical farming in light of Agricool’s receivership.
Seattle-based IUNU will use the new funds to expand its platform, which provides computer vision and data analytics to CEA growers.
Bowery has started selling strawberries, while Plenty and Driscoll’s plan to commence production of the fruit for the Northeastern US.
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.
Novel Farming Systems ventures – which include tech-enabled vertical farms and greenhouses – may be losing their luster for investors.
The Hamilton, Montana-based company claims its produce reaches shelves “in record time post-harvest” due to its facility’s proximity to retail partners.
“We’ve spent the money to take the R&D risk away” for vertical farm operators, IGS’s David Farquhar says on the sidelines of COP26.
The Chilean startup is building what it says is Latin America’s first large-scale sustainable vertical farming plant, powered completely by renewables.
David Rosenberg, the vertical ag company’s CEO, said that “proceeding with this transaction is not in the best interests of our shareholders.”
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