Four Growers Secures $9M to Revolutionize Greenhouse Farming with AI-Powered Robots

November 20, 2024
Four Growers Secures $9M to Revolutionize Greenhouse Farming with AI-Powered Robots
  • Founded in 2018 in Pittsburgh, Four Growers has emerged as a leader in agtech robotics, recently raising $9 million in Series A funding, bringing its total funding to over $15 million.

  • The latest funding round was led by Basset Capital, with participation from Ospraie Ag Science and Y Combinator, aimed at scaling production and expanding the company's reach in Europe, North America, and Oceania.

  • This funding announcement comes on the heels of Bowery Farms ceasing operations due to crop disease and financial issues, underscoring the challenges faced in the indoor farming sector.

  • The indoor farming market is currently valued at $40.51 billion and is projected to grow at a CAGR of 11.3% through 2033, highlighting a strong demand for innovative farming solutions.

  • Through outreach to greenhouse farmers, Four Growers identified labor shortages as a critical challenge, which drove the development of their robotic solutions.

  • The GR-100, an autonomous tomato-harvesting robot, operates five times faster than its competitors, with a capacity of up to 43 kilograms per hour and the ability to work 24/7 with remote monitoring.

  • Equipped with advanced AI and stereo cameras, the robot boasts 98% ripeness detection accuracy and can navigate around nonripe fruit, ensuring optimal harvesting.

  • Brandon Contino, one of the co-founders, emphasizes that the robots are designed to augment labor rather than replace it, enabling workers to be more efficient as the labor force diminishes.

  • Looking ahead, Four Growers plans to adapt its technology for a variety of greenhouse crops and eventually expand into outdoor farming markets.

  • Currently, Four Growers' technology has successfully harvested millions of tomatoes sold in grocery stores and is expected to soon be effective for other crops like cucumbers.

  • The company's efficient greenhouse operations allow for year-round production and more frequent harvesting compared to traditional outdoor farms.

  • With a pathfinding capability that is 34 times faster than standard algorithms, Four Growers is well-positioned to address the pressing issues of labor shortages and food waste in agriculture.

Summary based on 2 sources


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