Robotic farming firm Iron Ox raises $53M – TechCrunch

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Bay Area-based autonomous farming startup Iron Ox this week introduced a $53 million spherical. The Series C, led by Breakthrough Energy Venture, brings the firm’s whole funding as much as $98 million.

Iron Ox is one among numerous firms seeking to revolutionize farming for the 21st century, amid rising considerations over inhabitants progress, local weather change, labor shortages and a slew of different mounting considerations. Solutions vary from large-scale indoor farms to discipline robotics designed for a extra plug and play strategy that operates with a extra conventional setup.

The startup refers to its strategy as a “closed loop system.” It’s successfully a robotic greenhouse stuffed with proprietary harvesting expertise. The firm doesn’t have any outlandish claims by way of yield, saying it kind of quantities to what you’ll get from a standard farm, however it’s working to take action with a considerably smaller environmental footprint — and a mannequin that’s much less beholden to seasonal modifications than customary farming.

Iron Ox says its system makes use of round 90% much less water than conventional farming. These kinds of methods additionally combine information into each a part of the method, gathering a major quantity of details about the produce they develop to enhance on future yield.

“World-class investors know that humanity’s most important pursuit is to reverse climate change. To get there, we can’t settle for incrementally more sustainable crops — and we can’t ask consumers to compromise on taste, convenience, or value,” co-founder and CEO Brandon Alexander mentioned in a launch tied to the information. “We are applying technology to minimize the amount of land, water and energy needed to nourish a growing population. The team at Iron Ox will not stop until we achieve our long-term mission of making the produce sector carbon negative.”

The firm says this spherical will go towards scaling manufacturing, increasing operations within the U.S., ramping up R&D and hiring extra headcount.



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