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Today indoor ag startup Plenty announced what it claims is the world’s most advanced vertical farm. Located in Compton, California, the company says the farm is designed to yield up to 4.5 million pounds of leafy greens annually, occupying just a city block’s worth of space. Unlike most other vertical farms that grow produce on…
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While the vertical farming industry in the US continues to struggle, longtime Japanese precision agriculture pioneer Spread continues to pump out heads of lettuce in its fifteen years in operation, hitting the 100 million pack milestone this year. The company, which raised $30 million in funding last year, sells its produce in approximately 5,000 retail…
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Vertical farming startup Oishii has introduced another strawberry cultivar, The Koyo Berry, which will join the brand’s Omakase Berry offering introduced in 2018. The Koyo Berry is a Japanese varietal grown outside Tokyo during winter. The berries will be grown first in Oishii’s east coast vertical farms, which use advanced robotics and traditional Japanese farming…
Furniture retail giant IKEA is trialing vertical farm installations at three locations in Germany, according to an announcement made by Infarm. Customers at IKEA locations in Kaarst, Duisburg, and Munich-Eching will be able to watch the Infarm installation grow dill, curly parsley, and Italian basil in-store starting this week. According to the announcement, the herbs…
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After Going Public, Indoor Farming Company Local Bounti Rings the New York Stock Exchange Bell Most of the tech-focused indoor agriculture startups The Spoon covers have raised private funding rounds from investors as they scale up and expand. Local Bounti, a Montana-based controlled environment agriculture company, has charted a different course when it comes to…
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Virginia-based indoor growing company Soli Organic announced last week that it has entered a $120 million financing arrangement with real estate firm Decennial Group. This new partnership will help the company in its plans to expand with eight new farms, each with the capacity to grow 5 million pounds of produce per year. Soli was…
Back in December, The Spoon reported on Bowery Farming’s plans to build a new, indoor farm in Bethlehem, Pa. The New York-based company already runs two commercial farms in the Mid-Atlantic region, plus two R&D facilities and a plant science innovation hub in New Jersey. Bowery plans to open the Bethlehem farm sometime this year…
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Saudi Arabia’s Red Sea Farms has raised an additional $6 million in pre-Series A funding, bringing the total round to $16 million (h/t Wamda). Those leading the round include Aramco’s venture arm Wa’ed, the Saudi government-owned Future Investment Initiative (FII) Institute, KAUST, Global Ventures, AppHarvest, and Bonaventure. The $6 million announced over the weekend follows…
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Vertical farming company AeroFarms announced today an official partnership with Nokia Bell Labs to further develop the technology capabilities of its industrial-scale indoor ag operation. Currently, New Jersey-based AeroFarms uses a proprietary system that combines machine vision and machine learning technologies with the company’s agSTACK software, custom lighting, and aeroponics. The goal is to create…
InFarm is partnering with Sobeys, one of the largest food retailers in Canada, to sell its vertically grown greens in grocery stores across the country. The Berlin, Germany-based indoor agriculture company plans to be in an additional four of 10 Canadian provinces by 2023. The deal will place InFarm in over 1,000 retail locations across…
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Much of the recent news (and investment dollars) in vertical farming has centered on massive, stationary plant factories that produce pounds of leafy greens in the millions. Bucking this norm — and possibly building a new one for indoor agriculture in the process — is a company called InFarm. Those that follow indoor ag developments closely…