Agtech start-up iFarm bags $4M to help vertical farms grow more yummy things

Agtech start-up iFarm bags $4M to help vertical farms grow more yummy things

Vertical farming technology supplier iFarm has bagged a $4 million seed round, led by Gagarin Capital, an earlier financier in the start-up. Other financiers in the round include Matrix Capital, Impulse VC, IMI.VC and numerous company angels. The Finnish start-up is focused on providing software application that enables others to carry out vertical farming — targeting […]
The system includes a range of innovations to automate and monitor crop care, applying computer vision and device learning and drawing on information on “thousands” of plants collected from a dispersed network of farms, per iFarm. All of our algorithms, all of the data, is based in our software,”says Chizhov, stressing the software is hardware agnostic– suggesting clients do not require to use iFarm’s set for their vertical farms however just can apply its algorithms to their own set-ups. On the competitive front, iFarm is not the only technology company looking for to offer to the blossoming vertical farming sector. Design, setup, operation, assistance to sell the last product etc. “Chizhov also notes iFarm has filed patents to secure some of its technologies. …