iFarm develops an adaptive vertical-farm management platform that combines computer vision, machine learning and data from a distributed network of farms to automate and optimize crop growth. Its iFarm Growtune platform can determine plant weight, detect growth deviations or pathologies, provide recommendations to staff and adjust microclimate settings autonomously. The company sells technologies that enable customers to start growing produce in empty warehouses, factory shops, basements and distribution centers. iFarm plans to use new funding to further develop the Growtune platform, quadruple the number of plants supported by its technology and optimize automated production lines to reduce labor costs. It is also completing experiments to grow strawberries, cherry tomatoes, sweet peppers, radish and other crops. Led by co-founder and CEO Alex Lyskovsky, iFarm had over 50 ongoing projects with clients in Europe and the Middle East for 2020 and an industrial vertical farm based on its tech due to launch in Finland by the end of the year. iFarm Project develops an integrated vertical farming system combining proprietary multi‑layered horizontal shelving hardware and a cloud‑based software platform that controls microclimates and delivers downloadable "growing recipes." The company’s closed‑ecosystem approach and internal sterile contour technology aim to eliminate the need for pesticides and washing of produce. Their platform supports multiple crops today, including basil, arugula, spinach, cilantro and strawberries, and is designed to be modular and scalable to fit basements, roofs or spare rooms. iFarm has built five vertical farms and urban greenhouses in Moscow and Novosibirsk and employs a team of over 30 people. Near‑term plans include applying the technology to floriculture and piloting the system in the European market, with an EU showroom planned in 2019. The company was founded in 2017 and emphasizes both hardware and software development to expand cultivation solutions and automation.

Total raised

$5M

Funding rounds

2

Latest round

Seed

Latest activity

Aug 2020