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IFarm

Topic: Company

 From HandWiki - Reading time: 4 min

IFarm
IndustryVertical farming, Hydroponics, Circular economy, Agricultural technology
Founded2017
Headquarters
Helsinki
,
Finland
Key people
Alexander Lyskovsky, Maxim Chizhov, Konstantin Ulyanov
ProductsSoftware, technologies and equipment for vertical farming
Websitehttps://ifarm.fi/

iFarm (iFarm corp.) is an international company that develops software and hardware for vertical farming and hydroponics.[1][2] Its technologies are used for automatedd pesticide-free growing of salads, strawberries, and microgreens. It's headquartered in Helsinki, Finland with an office in the US.[3][4]

History

It was founded in 2017 by Alex Lyskovsky,[5] the founder of video game publisher Alawar,[6] and his friends.[7]

In 2018, the company expanded its facilities with a large-scale salad farm and a laboratory for strawberry production.[8]

In 2019, iFarm raised $1 million in a round led by Gagarin Capital.[9][10] The same year, the company moved its headquarters to Helsinki, Finland. It opened 8 laboratories and launched a small point-of-sale herb cultivation module production.[11]

In 2020, the company opened an office in the Netherlands. In July 2020, company became a member of the international Association for Vertical Farming. In August 2020, the company announced the raise of $4 million in seed funding from a group of investors.[12][13][14] In the same year, iFarm partnered with YASAI AG and Logiqs B.V. to launch Zurich's first vertical farm.[15]

iFarm inside

In 2021, a partnership with the AlSadarah Group was announced to use iFarm technology in a pilot vertical farm in Al Khor, Qatar.[16][17]

In January 2022, iFarm and French scientific cosmetics company Capsum launched a sustainable vertical farming research project to create innovative cosmetics in France.[18][19]

IFarm elevator

As of 2022, the company helped clients create farms based on iFarm technology in 14 countries, including Norway, Switzerland, Germany, Andorra, Finland, Qatar, Saudi Arabia and the UAE.[20][21][22]

Technology

iFarm technology relies on automation, sensors[23] and a proprietary farm management software, Growtune, to monitor and automate crop care, applying computer vision and machine learning and drawing on data on "thousands" of plants collected from a distributed network of farms, per iFarm.[24]

In 2022, firm released fully automated solution, that reduces the overall energy bill compared to traditional type of vertical farms due to a system that automatically "transplants" (refits) the grow space for the plants.[25]

References

  1. ↑ "Agtech startup iFarm bags $4M to help vertical farms grow more tasty stuff" (in en-US). https://social.techcrunch.com/2020/08/20/agtech-startup-ifarm-bags-4m-to-help-vertical-farms-grow-more-tasty-stuff/. 
  2. ↑ Burroughs, Callum. "We got an exclusive look at the pitch deck indoor farming startup iFarm used to raise $4 million" (in en-US). https://www.businessinsider.com/ifarm-indoor-farming-startup-raises-4-million-amid-pandemic-growth-2020-8. 
  3. ↑ "Automated vertical indoor farming set to sprout" (in en). https://www.zdnet.com/article/automated-vertical-indoor-farming-starts-to-sprout/. 
  4. ↑ "Finland-based Startup iFarm and Capsum Launch Sustainable Vertical Farming R&D Project to Create Innovative Cosmetics | AgriTechTomorrow" (in en-US). https://www.agritechtomorrow.com/content.php?post=13424. 
  5. ↑ "How vertical farming tech could bring fresh greens to the world's food deserts" (in en). 13 February 2019. https://www.techradar.com/news/how-vertical-farming-could-bring-fresh-greens-to-the-worlds-food-deserts. 
  6. ↑ "¿Qué ha pasado con Akademgorodok, la "aldea académica" creada por la URSS para competir con Silicon Valley?" (in es). BBC News Mundo. https://www.bbc.com/mundo/noticias-40715979. 
  7. ↑ "iFarm lets anyone grow greens with the push of a button." (in en-US). 31 October 2020. https://foodtank.com/news/2020/10/tech-startup-ifarm-raises-us4-million-to-expand-do-it-yourself-urban-farms/. 
  8. ↑ "How iFarm Berries technology works". https://www.hortibiz.com/newsitem/news/how-ifarm-berries-technology-works/. 
  9. ↑ "Russia-based iFarm secures $1 million to take its urban farming solutions to the next level" (in en-GB). 12 February 2019. https://tech.eu/2019/02/12/russia-based-ifarm-secures-1-million-to-take-its-urban-farming-solutions-to-the-next-level/. 
  10. ↑ Камитдинов, Никита. "Грядки вверх. Кто и зачем строит вертикальные фермы в российских городах" (in ru-RU). https://incrussia.ru/understand/vertical-farming/. 
  11. ↑ "iFarm Corp – Company Profile and News" (in en). https://www.bloomberg.com/profile/company/1697397D:RU. 
  12. ↑ "This European agritech startup lets you grow pesticide-free veggies in your basement; raises €3.4M | Silicon Canals" (in en-US). 20 August 2020. https://siliconcanals.com/news/european-agritech-startup-grow-veggies-basement-raises-funding/. 
  13. ↑ "Vertical farming software startup iFarm raises $4m" (in en-US). 20 August 2020. https://agfundernews.com/vertical-farming-software-startup-ifarm-raises-4m. 
  14. ↑ FinSMEs (21 August 2020). "iFarm Raises $4M in Funding" (in en-US). https://www.finsmes.com/2020/08/ifarm-raises-4m-in-funding.html. 
  15. ↑ foodnavigator.com. "'We can focus on quality over transportability': Vertical famers have high hopes for Swiss project" (in en-GB). https://www.foodnavigator.com/Article/2021/02/17/We-can-focus-on-quality-over-transportability-Vertical-famers-have-high-hopes-for-Swiss-project. 
  16. ↑ "iFarm and Al Sadarah Group to Boost Food Security in Qatar Through Vertical Farming" (in en-US). 26 May 2021. https://thespoon.tech/ifarm-and-al-sadarah-group-to-boost-food-security-in-qatar-through-vertical-farming/. 
  17. ↑ foodnavigator.com. "iFarm talks 'next generation' of vertical farming, Qatar expansion" (in en-GB). https://www.foodnavigator.com/Article/2021/05/31/iFarm-talks-next-generation-of-vertical-farming-Qatar-expansion. 
  18. ↑ "Finland-based Startup iFarm and Capsum Launch Sustainable Vertical Farming R&D Project to Create Innovative Cosmetics | AgriTechTomorrow" (in en-US). https://www.agritechtomorrow.com/content.php?post=13424. 
  19. ↑ urbanagnews (18 January 2022). "Capsum and iFarm Announce Joint R&D Project in France" (in en). https://urbanagnews.com/blog/news/capsum-and-ifarm-announce-joint-rd-project-in-france/. 
  20. ↑ "iFarm Raises $4M for Its Automated Vertical Farming System" (in en-US). 20 August 2020. https://thespoon.tech/ifarm-raises-4m-for-its-automated-vertical-farming-system/. 
  21. ↑ Tucker, Charlotte (20 August 2020). "Helsinki-based iFarm raises €3.3 million for its automated indoor farming solutions" (in en-US). https://www.eu-startups.com/2020/08/helsinki-based-ifarm-raises-e3-3-million-for-automated-indoor-farming/. 
  22. ↑ "iFarm Raises $4 million to automate urban farming with AI and drones" (in en-US). 20 August 2020. https://venturebeat.com/2020/08/20/ifarm-raises-4-million-to-automate-urban-farming-with-ai-and-drones/. 
  23. ↑ "iFarm Raises $4 million to automate urban farming with AI and drones" (in en-US). 20 August 2020. https://venturebeat.com/2020/08/20/ifarm-raises-4-million-to-automate-urban-farming-with-ai-and-drones/. 
  24. ↑ "Agtech startup iFarm bags $4M to help vertical farms grow more tasty stuff" (in en-US). https://social.techcrunch.com/2020/08/20/agtech-startup-ifarm-bags-4m-to-help-vertical-farms-grow-more-tasty-stuff/. 
  25. ↑ "We Cannot Reduce Cost of Electricity, So We Learn How to Make Best Use of Energy | AgriTechTomorrow" (in en-US). https://www.agritechtomorrow.com/article/2022/07/we-cannot-reduce-cost-of-electricity-so-we-learn-how-to-make-best-use-of-energy/13883. 




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