IoT and Edge: Agritech Companies to Watch
Agriculture is turning to technology to transform its operations, increase performance and tackle contemporary challenges, writes Ray Fernandez at TechRepublic. From climate change resilience to environmental footprints and resource management, IoT combined with network connectivity, edge computing and cloud platforms are reimagining agriculture to feed the world and its growing population.
TechRepublic recently covered the big players of the industrial agritech sector and their latest technology, but beyond corporations like John Deere or Bayer leading the way, the agritech market is ripe with companies worth keeping an eye on.
In this report, TechRepublic followed up on businesses that began operating — with potential promise — as startups about 10 years ago and today are well established. Providing vertical farms, cloud platforms and robotics, these companies, pioneers in their fields, are now expanding operations and shaping the new era of agriculture.
Bowery Farming: The future of vertical farms
In a press release this month, Bowery Farming presented Glenn Wells as the new senior vice president of sales and revealed the company had doubled its revenue for the second year in a row. Bowery Farming is also on track to double its number of farms this year.
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“Bowery is growing fast, and I’m thrilled to join the team at such a pivotal moment,” Wells said. “As Bowery expands to new geographic farm locations in Georgia, Texas and beyond and continues to grow its product portfolio, I’m excited to support the company’s national retail expansion.”
Bowery Farming strongly believes vertical farms will play a major role in solving the global food crisis. According to the U.N. Food and Agriculture Organization, by 2050, food production needs to increase by 60% to meet the demands of a growing population expected to reach 9.3 billion.
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