Brief: Walmart robot provider Symbotic announces $5.5bn SoftBank SPAC
Symbotic said it’ll use the proceeds to “accelerate its growth plans” and “efficiently deliver on its contracted backlog.”
Symbotic said it’ll use the proceeds to “accelerate its growth plans” and “efficiently deliver on its contracted backlog.”
Project Carbonview aims to help corn growers to better report and analyze their carbon footprint across the entire supply chain.
The San Francisco precision fermentation company will scale up its process for brewing animal-free egg proteins and other high-functioning ingredients.
The tractor maker had previously announced its buyout of South Dakota tech firm Raven Industries in a deal worth $2.1 billion.
Better tracking around waste, water, and energy usage could help the CEA industry more accurately measure the sustainability of their operations.
Many of big deals during H1 involved startups automating simple, everyday tasks within broader agricultural operations.
The Series A round led by Collaborative Fund will allow the Boston-based startup to enhance its ‘liquidation platform’ that helps CPG brands reduce food waste.
The New York-based startup will use the Series A funding to scale up its platform that provides traceability and food preservation tools in then form of spray-on microbes.
Americans could generate more than 300 million pounds of food waste this year as Thanksgiving gatherings resume and aspirational shopping abounds. The carbon footprint associated with that waste is the same as driving 169,000 cars for a full year, according to non-profit ReFed.
Global agrifoodtech funding is still dominated by the US – but a few massive deals in China, India, and other countries are stealing a greater share.
The round was led by South Korea’s Mirae Asset Global Investments.
The Hamilton, Montana-based company claims its produce reaches shelves “in record time post-harvest” due to its facility’s proximity to retail partners.
The Canadian telco’s social impact fund boosts the number of agtech startups in its portfolio with this latest round of investments.
“In seeking Series A investors, we were intentional about collaborating with experienced food industry professionals,” says CEO Matt Gibson.
It’s the norm for journalists to be skeptical of corporate partnering announcements. But am I reading too much into this one?
The San Francisco-based company will use the Series A funds to grow its team and further develop its “proprietary” food preparation platform.
An ADM spokesperson told AFN that it was “the first major food and ag company to have been invited to invest in FBN.”
“The insights from this agreement will [inform] how we grow, separate, and treat our cranberries to optimize for target health benefits and sustainability.”
Cooperative Ventures will seek out startups in three core investment areas: crop production, supply chain, and sustainability.
The deal will add a layer of self-driving capabilities to Fieldin’s existing farm management platform, which relies on tractor-mounted sensors.