It aims to provide AppHarvest with a baseline of harvesting support working alongside crop care specialists focused on more complex tasks
AppHarvest, Inc., a leading AgTech company, has announced that it has acquired Root AI, an artificial intelligence farming start up that creates intelligent robots to help manage high-tech indoor farms. The acquisition of Root AI and its robotic universal harvester, Virgo, is expected to provide AppHarvest with a baseline of harvesting support working alongside crop care specialists focused on more complex tasks. AppHarvest expects the game-changing advantage of the technology to be in the data that the robots can collect as they harvest, which can help evaluate crop health, precisely predict yield and optimise overall operations of the controlled environment agriculture (CEA) facility.
Jonathan Webb CEO & Founde AppHarvest said, “One of the key challenges in agriculture is accurately predicting yield. Many downstream decisions from work scheduling to transportation to retail planning are based on that. Any deviation between projection and actual yield can result in fire drills for numerous functions to adjust for the change, and AI can help solve for that.”
Root AI co-founder and CEO Josh Lessing will take on the role of Chief Technology Officer for AppHarvest where he will take the lead in continuing to develop the robots and their AI capabilities for the network of indoor farms that AppHarvest is building. Lessing, along with co-founder Ryan Knopf who will join AppHarvest as vice president of technology, helped establish Root AI as an early leader in employing artificial intelligence in CEA. Virgo is the world’s first universal harvester, which can be configured to identify and harvest multiple crops of varying sizes including tomatoes, peppers, cucumbers and more delicate fruits such as strawberries among others.
Gathering more data through AI enables growers to use real-time information to improve a number of sustainability efforts such as detecting and eliminating pests naturally, helping indoor farms successfully grow chemical pesticide-free fruits and vegetables.
AppHarvest is investing approximately $60 million, consisting of approximately $10 million in cash and the balance in AppHarvest common shares, to acquire Root AI. The Company will issue approximately 2,328,000 shares for the transaction.
