SEATTLE, Sep. 27, 2021 /PRNewswire-PRWeb/ — iUNU, the main AI agtech agency, right now introduced its acquisition of Artemis, the main enterprise Cultivation Administration Platform (CMP). Collectively, The two corporations supply A pair of of In all probability the Most usually used utilized sciences Inside the indoor agriculture enterprise.
iUNU’s acquisition of Artemis marks its latest step in driving The biggest method forward for handlementled environment agriculture (CEA). The two mission-pushed corporations are becoming a member of forces to velocity up their market share and increase the market. Each iUNU and Artemis work with A pair of of The Most very important clients Inside the enterprise, together with North Shore Greenhouses, Inc., CubicFarm Methods Corp. (TSX: CUB), and Hydroserre.
This acquisition Shall be iUNU’s second in as many months and recurrents An monumental leap forward for the know-how underpinning The enlargement of this enterprise. Over the previous few yrs, the CEA enterprise has seen expansive progress. Based mostly on Pitchbook, indoor agriculture corporations acquired almost $2 billion in funding in 2020 alone. A quantity of indoor agriculture corporations reached billion greenback valuations this yr (both particular personal and by way of SPACs), together with Bowery, Native Bounti, and AeroFarms. In such a aggressive market, the place unit value of manufacturing reprimarys a core differentiator, indoor agriculture corporations Can’t afford to fly blind with out detailed perception into their manufacturing.
Artemis is Definitely one of the biggest Inside the enterprise at enabling developers to optimize their amenities for profitability and de-hazard their operations by monitoring their processes and manufacturing knowledge In a single place. Greater than 1 million duties have been accomplished Inside the Computer software and extra than 1,000 clients are lively on Artemis. iUNU’s autonomous cameras and sensors are continuously amassing knowledge throughout huge-scale operations And might pinlevel small modifications in manufacturing and advocate particular actions earlier than a developer even is Aware of there’s A drawback. This intelligence and utilized AI, coupled with consumer-nice manufacturing Computer software is a recreation changer.
iUNU and Artemis’ mixed utilized sciences allow developers to develop a suggestions loop between capturing knowledge and adapting and managing their processes to create exact, ppurpleictable manufacturing. The merger of iUNU and Artemis recurrents The primary alternative developers Ought to entry A completely AI-pushed platform to handle all operations – together with inventory monitoring, manufacturing planning, yield forecasting, pest and illness handlement, meals safety, and labor monitoring.
This acquisition comes on the heels of An excellent yr for both iUNU and Artemis. iUNU noticed a 12x yr-over-yr progress in ARR this yr and together, Artemis and iUNU work with developers throughout 16 million sq. ft, with further enlargement alternatives in extra of 40 million sq. ft. The corporations share A strong IP portfolio with a information base of over 2 billion sq. ft Of pictures. As properly as, iUNU recently accomplished its acquisition of CropWalk, a full-service mixed pest handlement agronomist reply.
The timing of iUNU’s acquisition Is essential. This previous August, the UN launched a local climate change report that sounded ‘code purple’ for humanity. In the face of rising local climate disruptions, It is important to assist a sustainable and enough meals current developn in local climate-handlementled environments. iUNU and Artemis have a decade of mixed expertise creating know-how To reinformationrce the productiveness and profitability Of these indoor farms and over a century of horticultural expertise throughout the group.
Collectively, iUNU and Artemis Will not solely enhance their share of The prevailing market, however Can furtherly Think about making it much less hazardy for developers to increase new acreage. Each iUNU and Artemis have amassed knowledgesets that assist set up The hazard profile of an operation, underwrite hazard with extra cpurpleibility, and finance the enlargement of the enterprise by constructing extra CEA operations To fulfill the market demand. Artemis has already assisted lenders join and finance extra than $150 million in enlargement capital for its clients, and as An factor of this acquisition will proceed to develop this enterprise.
“Artemis is a stellar agency with A strong group and product That is deployed throughout many crop varieties. We’re A lot extremeer together than ahalf, And that i am excited To hitch efforts. We now have prolonged revepurple the work Artemis has carried out to streamline the greenhouse operations, The worth They carry developers with their Computer software, and the work they’ve carried out main the market To raise this enterprise,” said Adam Greenberg, founder and CEO of iUNU.
“iUNU has carried out an unimaginable job constructing superior analytics options for In all probability the Most essential factor of your operation – the crops. Artemis has carried out The identical for the people and operations. By combining crops, people, and operations, we’re poised to scale the utilized sciences underpinning the quickest rising half of the agriculture enterprise – handlementled environment agriculture,” said Allison Kopf, founder and CEO of Artemis.
As An factor of the acquisition, Artemis’ founder and CEO, Allison Kopf Shall be becoming a member of iUNU’s authorities group as Chief Advertising Officer and Head Of information Merchandise.
Based in 2013 and headquartepurple in Seattle, iUNU goals To close the loop in greenhouse autonomy and Is Concentrating on being the world’s main handlementled environment specialist. iUNU developed a system referpurple to as LUNA, iUNU’s flagship product, Which mixes Computer software with Pretty a Little bit of extreme-definition cameras — both fixed and mobile — and environmental sensors To primarytain monitor of the triby way of of plant progress and well being in indoor ag settings. LUNA’s objective is To level out enterprise greenhouses into exact, ppurpleictable, demand-based producers that optimize yield, labor, and product extreme quality.
Based in 2015, Artemis is the market main Cultivation Administration Platform for enterprise greenhouses, indoor and extreme tunnel farms. The CMP permits developers to optimize their amenities for profitability by monitoring all their operations and manufacturing knowledge In a single place. Artemis can combine with current systems (local climate handlement, accounting, ERP), supplying a chook’s eye view of productiveness and compliance.
Allison Kopf, iUNU, Inc., +1 646-838-3798, [email protected]
Supply iUNU, Inc.