Agtech

Amazon’s Jeff Bezos-Backed Vertical Farming Venture, Plenty, Files for Bankruptcy

2 months ago

In a significant turn of events within the agriculture and technology sectors, Plenty, a vertical farming company co-founded by billionaire Jeff Bezos, has filed for bankruptcy. The company, which was once seen as a pioneer in the sustainable food movement, failed to navigate the complex and competitive landscape of urban agriculture, leading to this recent development.

The Future of Farming: Automation Takes Center Stage with Robotics and Advanced Machinery

4 months ago

As the global agricultural landscape shifts towards increased automation, recent developments in robotics and advanced farm equipment are paving the way for a new era in farming practices. Numerous companies are enhancing their offerings with innovative technologies aimed at optimizing efficiency and productivity. This transformation is not merely a trend but a critical shift necessitated by changing consumer demands and labor shortages across the globe.

Inari Raises $200 Million in Funding at $2.17 Billion Valuation, Fortifying Its Position in Agtech Innovation

4 months ago

Inari Agriculture, a prominent player in the agricultural technology sector, has successfully secured $200 million in a recent funding round, pushing its valuation to an impressive $2.17 billion. This fundraising endeavor signifies a robust confidence from investors in Inari's mission to revolutionize agriculture through innovative applications of genetic technology.