iFarm to Raise $4mn for Smart Farming by AI and Drones

iFarm has put the amount $4 million in order to increase its automatic system by using AI and drones to grow fruits and vegetables in confined areas. Gagarin Capital allows the fund that also includes investment from Matrix Capital, Impulse, VC, IMI.VC and other business giants. Farm Growtune, a vertical agriculture method, has produced by the Finnish startup, as reported by Venture Beat.

 

“Food is being grown adjacent to users and in areas where the conditions can be regulated precisely, iFarm promises to yield food, which is organic and fresh while compressing environmental factors.”  

 

According to the co-founder and CEO of iFarm, MaxChizhov,” the central advantage of indoor farming is that you can grow the whole year, wherever you are”. He added further, “ there is no requirement of any specific technologist or agronomist who could know how to utilize software and grow stuff”. It is also assumed that due to the pandemic era, many companies are revising logistics, therefore self-controlled smart urban farming is in demand. 

 

Basically, iFarm system puts seedbeds in long place, heaped up to 5m long, a system of sensors directs and regulates the light and humidity, drones are embedded with computer vision for tracking the growth of crops and render the data to algorithm of sensor systems. The algorithm is mainly developed through feeding it real scientific data regarding plant growth and the data gathered from working farms.

iFarm is currently in touch with clients, typically businesses or farmers, in order to fix the relevant system in warehouses, factories, basements, and other enclosed areas. For the current scenario, the company is supporting users who do farming ranging from 3,000 square meters to 5,000 square meters. The company also has assisted in developing 11 farms in Finland, Switzerland, the U.K., the Netherlands, Andorra, Russia, and Kazakhstan.