Root AI
Latest round
- Seed
Last raised
- Jul 2020
Total raised
- $10M
Investors
- 8
About Root AI
Root AI, Inc.Founded in 2018 and headquartered in Woburn, US, Root AI, Inc. focuses on developing robotic systems for autonomous crop management. The company was acquired by AppHarvest, Inc. in April 2021 for USD 60 mn, strengthening AppHarvest's capacity in agricultural automation." This system utilizes machine learning to manage and harvest crops autonomously, particularly in controlled environments like greenhouses. The technology aims to enhance yield and reduce labor costs, targeting commercial growers in regions facing labor challenges, such as the United States and Europe.Root AI's revenue model consists of direct sales of its robotic systems along with ongoing service contracts for maintenance and software updates, structured primarily as B2B transactions. The company partners with agricultural distributors to extend its market reach, and while specific pricing details remain confidential, they reflect the advanced technology offered.Root AI plans to leverage its recent acquisition by AppHarvest, Inc. to enhance operational efficiency and expand its market presence. The company aims to develop new products focused on improving harvesting support systems by 2023.
Who invested in Root AI
8 investors across 2 rounds
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Questions about Root AI
Who invested in Root AI?
Root AI has 8 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Root AI raised?
Root AI has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Root AI last raise money?
Root AI's most recent round on record is a Seed, in Jul 2020.
What does Root AI do?
Root AI is a agribusiness company.
Where is Root AI headquartered?
Root AI is headquartered in Woburn, US.
Which VCs invest in companies like Root AI?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back agribusiness companies at Root AI's stage. Their profiles are linked below.
VCs backing agribusiness startups at Seed
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