AppHarvest Acquires Agricultural Robotics and Artificial Intelligence Company Root AI to Increase Efficiency streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
AppHarvest acquires Root AI and its game-changing robotic harvester Kentucky-based agtech and vertical farming company AppHarvest has acquired artificial intelligence firm Root AI and its robotic universal harvester Virgo to maximize its sustainable harvesting methods.
AppHarvest is investing $60m, consisting of $10m in cash and the balance in AppHarvest common shares, to acquire Root AI.
Root AI co-founder and CEO Josh Lessing will become chief technology officer for AppHarvest and will take the lead in development of the indoor farm s robots and their AI capabilities for the network of indoor farms that the company is building. Root AI s other co-founder, Ryan Knopf, will join AppHarvest as vice president of technology.
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