M&A
AppHarvest buys ag-robotics firm, Root AI
10 days ago | By TechCrunch
Indoor farming company AppHarvest this week announced that it has acquired Root AI. The deal is valued at around $60 million, with $10 million in cash and the reminder coming from AppHarvest stock.
Root AI is a Boston-based robotics startup, with a mission fairly in line with that of its future parent company. We've covered the startup a handful of times, including last August, when it announced a $7.2 million seed round. Robotics, generally, have gotten a boost during the pandemic, but agriculture and food production have gotten special looks, as organizations are looking for ways to...
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