# Root AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/root-ai

- Industry: Agribusiness
- Headquarters: Woburn, US
- Website: www.root-ai.com
- Total disclosed funding: $10M
- Latest round: Seed (Jul 29, 2020)
- Investors on record: 8

## About

Root AI, Inc. is a technology firm specializing in agricultural robotics, offering solutions that enhance crop harvesting efficiency through automation and advanced machine learning algorithms.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. The founder's history details have not been provided.Root AI specializes in advanced agricultural robotics, primarily featuring the "Root AI Harvesting Robot." 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. Their solutions also support sustainable agriculture by improving resource management and minimizing environmental impact.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. Combining hardware sales with subscription-based software services fosters long-term client engagement and recurring revenue streams.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. The recent funding will facilitate these initiatives while supporting further integration into the agricultural automation space.

## Funding rounds

- Seed, Jul 29, 2020, $7.9M — First Round Capital, PJC, Accomplice, AgFunder, Outsiders Fund
- Seed, Aug 9, 2018, $2.3M — First Round Capital, Accomplice, Liquid 2 Ventures, Schematic Ventures, HalfCourt Capital

## Investors

- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Seed
- Accomplice (https://capitalatlas.ai/funds/accomplice) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- Schematic Ventures (https://capitalatlas.ai/funds/schematic-ventures) — Seed
- HalfCourt Capital (https://capitalatlas.ai/funds/halfcourt-capital) — Seed
- PJC (https://capitalatlas.ai/funds/pjc) — Seed
- AgFunder (https://capitalatlas.ai/funds/agfunder) — Seed
- Outsiders Fund (https://capitalatlas.ai/funds/outsiders-fund) — Seed