Tag: AgTech

[Plenty at Walmart] Walmart and Plenty Partner To Lead the Future of Fresh Produce

BENTONVILLE, Ark., and SOUTH SAN FRANCISCO, Calif., Jan. 25, 2022 — Walmart and Plenty Unlimited Inc. today announced Walmart signed an agreement to invest in Plenty, an indoor vertical farming company, as part of their $400M Series E funding round subject to a regulatory approval. Walmart’s equity investment is part of a broader strategic partnership to utilize Plenty’s indoor vertical farming technology platform to deliver fresh produce to Walmart retail stores. As part of the investment, at closing, Walmart will also join Plenty’s Board of Directors. Read...

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[Plenty in Business Wire] Plenty appoints agritech veteran Arama Kukutai to Chief Executive Officer

Plenty Unlimited Inc., an indoor, vertical farming technology company that can grow clean produce year round, anywhere in the world, today announced the appointment of Arama Kukutai as Chief Executive Officer. Mr. Kukutai is a seasoned entrepreneur and visionary leader in the agritech industry, currently serving as co-founder and partner at Finistere Ventures, a pioneering venture firm dedicated to identifying and nurturing promising agribusiness and food tech companies. He brings to his role over two decades of leadership within farming, agriculture investment and sustainability, and will oversee Plenty’s growth into a scaled vertical farming company. Matt Barnard, co-founder and former CEO, will continue to serve as Executive Chairman of the Board. Read...

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[Plenty in NASA] NASA research launches a new generation of indoor farming

The United Nations predicts Earth will have to feed another 2.3 billion people by 2050, mostly concentrated in urban centers far from farmland. Conventional agriculture may not be able to meet that demand, but luckily NASA has been working for decades to tackle food production both on Earth and in space. Feeding astronauts during long-term space exploration means stretching resources to grow plants in space – including minimizing water use and energy consumption and eliminating soil. Read...

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