AI and Robotics enabled Farming startup, Iron Ox secured $20 Million in Series B Funding
Iron Ox, a California based AI and robotics enabled farming company, has now secured $20 million in Series B funding round.
Iron Ox is founded by Brandon Alexander in the year 2015. It has developed hybrid robotic greenhouses that dynamically support a range of product offerings. With energy efficiency and flexible production at the core of their business, the company solutions give customers a one-stop-shop for clean and fresh food.
Executive Opinion
Brandon Alexander, Iron Ox CEO & Co-founder, said, "We have made it our mission to address food security by developing autonomous greenhouses that grow a variety of local and consistently delicious food for everyone. Today, we’re thrilled to announce the successful operation of our Gilroy farm as well as our consumer brand, and our plans to complete additional sunlight-enabled, out-of-state facilities in 2021. As our growing network expands, so too will our partnerships and distribution channels, which will enable us to delight even more customers".
Ryan Gembala, one of the lead investors for the round and Founder and Managing Partner at Pathbreaker Ventures, said, "Companies like Iron Ox show us what’s possible when a group of incredibly talented, cross-industry professionals is assembled to tackle a pressing global problem. Robotics and artificial intelligence can provide solutions to lower the cost of fresh, local produce while increasing its quality, cleanliness, and availability to more communities. We’re excited to be part of Iron Ox’s journey in the years to come".
Iron Ox latest funding
The round, which brought the total funding secured to date to $45 million, was backed by a collection of family offices and Pathbreaker Ventures.
The funding round also sees participation from the Amplify Partners, R7 Partners, ENIAC Ventures, and Y Combinator.
The company as of now has plans to expand nationally in 2021 to bring food to a customer outside of California.
PC: Pablo, Pixabay
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Udit Agarwal
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Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.
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