GV leads $90 million investment in Bowery to grow its indoor farming business

Source: VentureBeat
12/17/18, 11:45 AM | Indoor & Vertical Farming, Supply Chain | Indoor Farming, Investing, vertical farming

Khari Johnson for VentureBeat:  Vertical farming company Bowery Farming today announced the close of a $90 million funding round. The round was led by GV (formerly Google Ventures) with participation from Uber CEO Dara Khosrowshahi.

Bowery has opened two growing facilities near its headquarters in the New York area since the company began operations in February 2017.  The funding announced today will be used to open new facilities in additional not-yet-named cities by the end of 2019 and to support advances in company tech and innovation.

Bowery produces pesticide-free produce that is used at Whole Foods, New York City restaurants, and Sweetgreen, a vegetarian franchise restaurant that closed a $200 million funding round last month.

More Supply Chain Stories | Articles | News

Comments (0)

This post does not have any comments. Be the first to leave a comment below.

Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Elmo Motion Control – The Platinum Line, a new era in servo control

Elmo Motion Control - The Platinum Line, a new era in servo control

Significantly enhanced servo performance, higher EtherCAT networking precision, richer servo operation capabilities, more feedback options, and certified smart Functional Safety. Elmo's industry-leading Platinum line of servo drives provides faster and more enhanced servo performance with wider bandwidth, higher resolutions, and advanced control for better results. Platinum drives offer precise EtherCAT networking, faster cycling, high synchronization, negligible jitters, and near-zero latency. They are fully synchronized to the servo loops and feature-rich feedback support, up to three feedbacks simultaneously (with two absolute encoders working simultaneously). The Platinum Line includes one of the world's smallest Functional Safety, and FSoE-certified servo drives with unique SIL capabilities.
More Products
Feature Your Product