Key Takeaways
- IUNU raises $20 million to boost growth in North American and European markets.
- The funding will enhance the LUNA platform, an AI system optimizing greenhouse operations.
- IUNU currently operates in over 100 facilities across 18 countries, aiming for broader reach.
IUNU, a Seattle-based agricultural technology firm, has successfully completed a $20 million funding round led by S2G Investments, with additional participation from Farm Credit Canada and Lewis & Clark Partners. The company intends to utilize these funds to expedite the adoption of its LUNA platform, an innovative AI-driven system aimed at optimizing greenhouse operations.
LUNA collects detailed plant-level data to facilitate crop steering and forecasting for various vine crops, including tomatoes, cucumbers, and peppers. The platform provides insights in three critical areas: precision yield forecasting, automated labor quality management, and dynamic crop steering. These features are designed to improve operational efficiency and decision-making for greenhouse operators, particularly important given the industry’s challenges of tight margins and increasing volatility.
Cristina Rohr, managing director at S2G, expressed enthusiasm for the investment, highlighting the growing demand in the vine crop segment. Rohr noted the team’s consistent delivery of measurable value amidst evolving challenges in greenhouse agriculture.
Currently, IUNU operates in more than 100 facilities across 18 countries and aims to further expand its presence. Adam Greenberg, the CEO of IUNU, emphasized that this investment accelerates the company’s mission to revolutionize greenhouse agriculture by equipping growers with actionable insights. The firm is focused on contributing to a more efficient and sustainable agricultural landscape as it moves forward.
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