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Vertical Farm Industry Exploding as Aerofarms Raises $20 Million

MemeticStudiosJan 5, 2016, 7:15:54 PM

AeroFarms Inc. has secured $20 Million in venture funding to build more of its “aeroponic vertical farms.” Founder and Chief Executive David Rosenberg claims these indoor farms use 95% less water than typical, commercial field farms.

At the moment, AeroFarms grows roughly 20 types of leafy greens including kale, watercress and arugula.  The company has developed an ultra-efficient system that uses software-controlled LED grow lights and delivers fertilizer directly to plat's roots.

Wall Street Journal reveals, "AeroFarms’ systems also allow the company to grow greens without any soil, pesticides, fungicides or herbicides. Its produce is ready to be eaten or sold without any washing. The CEO said washing is, surprisingly, what introduces or spreads “all the little nasties…that can cause foodborne illnesses and spoilage.”"

AeroFarms plans to use this funding to get their brand in stores and develop more farms. Bloomberg gets the scoop on the process in the video below: