Cost-effective stackable / vertical farming solution that uses robotics to locally grow clean and nutritious crops with less human labour.
Business Model:
Revenue: $0
Employees: 1-10
Address:
City: Tel Aviv
State: Tel Aviv
Zip:
Country: Israel
Katif is developing a revolutionary growing system, capable of feeding the future. This innovative and patent-pending system grows locally and vertically, is clean and resource-optimized, and grows nutritious crops – all while increasing the local farmers’ bottom line. Its climate-agnostic system produces 5-25 times more than existing farms. The system utilizes 90% less water, and also decreases electricity use (in controlled greenhouses) by 30% via pod circulation. A robotic prototype has already demonstrated 50% automation, and the company will gradually work towards full autonomous operations – seeds in, crops out, with no farming experience required. Katif has a unique business model, designed to impact agriculture at scale: 1. Open-source hardware: its farm design is open-source, and most components can be found or manufactured locally at unbeatable prices. 2. Farm-as-a-Service: a recurring licensing fee for the A.I. Katif Cloud operating system. Its cloud monitors and directs all tasks across the farm, from hydroponic pumps and artificial lighting to rover storage and human duties. Earnings are based on the additional profits made for the local farmer, as yields are considerably higher due to the stacked layout, and human labor is minimized as a result of robotic automation.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 3/2019 | Pre Seed Round | $300k | 10/2018 | Seed Round | 2 | $250k |
Friends &a; Family WeWork Creator Fund Friends &a; Family WeWork Creator Fund |
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