Greenhouse operations make Forbes' Most Innovative AgTech Startups list

Greenhouse operations make Forbes' Most Innovative AgTech Startups list

BrightFarms and Plenty were among the 25 recognized companies.

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July 9, 2018
Chris Manning
Business

On Forbes' annual list of the top-25 Most Innovative AgTech Startups, two produce producers – BrightFarms and Plenty – were recognized. The list is determined by Forbes' surveying of "experts, venture capitalists and accelerators" as well as each company's "financials and each company’s agricultural credentials." 

Forbes wrote the following about BrightFarms:

This indoor farming outfit aims to help consumers buy local produce by building greenhouses in the communities it serves. So far, this strategy has resulted in leafy greens that take 80% less water, 90% less land and 95% less shipping fuel than lettuce that is grown out west and shipped east. 

Ag cred: Supplies some of America’s largest grocers, like Walmart, ACME, ShopRite and Giant.

Forbes wrote the following about Plenty: 

Plenty is an indoor farming company utilizing machine learning, artificial intelligence and crop science to optimize yields and give produce exactly what it needs to achieve optimal freshness and taste. 

Ag cred: Bezos Expeditions, SoftBank Vision Fund and the Data Collective are among investors that have given Plenty and its vision $226 million in venture funding.

BrightFarms was also on the 2017 list, while Plenty was one of 13 new additions to the 2018 list. The full list can be found here.