3 Smart Farming Innovations (Vertical Farming) | The Future of Agriculture

3 Smart Farming Innovations (Vertical Farming) | The Future of Agriculture

1. AeroFarms

AeroFarms Inc. received $20 million in Series B venture capital funding, clearing the way for its 70,000 square foot plant in Newark, New Jersey, which it claims could produce 2 million pounds of food annually.

The largest indoor vertical farm in the world is well on its way to using less water to produce millions of pounds of food annually. AeroFarms Inc. received $20 million in venture capital last December, paving the path for the construction of its 70,000 square foot complex.

2. Plenty

In order to improve the future for people and the environment, Plenty brought the farm indoors. To ensure that everyone on the earth has access to a healthy diet, we must increase the output of fruits and vegetables.

Plenty is a vertical farm that produces delectable, craveable vegetables, from strawberries to leafy greens. You'll want to nibble on it since it's so wonderful! We can improve both human and environmental health by cultivating fruits and vegetables in our unique style. Taste opens everything up.

3. Bowery Farming

Today, indoor farming firm Bowery revealed it has raised an extra $50M in a Series B financing extension. It raised $90 million in a Series B investment, which we covered at the time, only around 11 months ago.

Bowery claimed in a written statement that the expansion was brought about by "strong momentum in the business." Henry Kravis, a co-founder of Kohlberg Kravis Roberts & Co., contributed funds to the "B+ round," which was led by Temasek. According to Bowery, the financing takes the company's total funding raised since its founding in 2015 to $172.5 million.