AI agtech company iUNU announced yesterday its acquisition of Artemis, an enterprise Cultivation Management Platform (CMP).
iUNU's acquisition of Artemis marks its latest step in driving the future of controlled environment agriculture (CEA). The two mission-driven companies are joining forces to accelerate their market share and expand the market. This acquisition will be iUNU's second in as many months.
Artemis enables growers to optimize their facilities for profitability and de-risk their operations by tracking their processes and production data in one place. More than 1 million tasks have been completed in the software, and more than 1,000 users are active on Artemis. iUNU's autonomous cameras and sensors constantly collect data across large-scale operations and can pinpoint small changes in production and recommend specific actions before a grower even knows there's an issue.
iUNU and Artemis' combined technologies enable growers to develop a feedback loop between capturing data and adapting and managing their processes to create precise, predictable production. The merger of iUNU and Artemis represents an opportunity for growers to access an AI-driven platform to manage all operations – including inventory tracking, production planning, yield forecasting, pest and disease management, food safety, and labor tracking.
Together, iUNU and Artemis will not only increase their share of the existing market but will also focus on making it less risky for growers to expand new acreage. Both iUNU and Artemis have amassed datasets that help establish an operation's risk profile, underwrite risk with more credibility, and finance the expansion of the industry by building more CEA operations to meet the market demand. Artemis has already helped lenders connect and finance more than $150 million in expansion capital for its customers, and as part of this acquisition, will continue to grow this business.
"Artemis is a stellar company with a strong team and product that is deployed across many crop varieties. We're far better together than apart, and I'm excited to join efforts. We have long respected the work Artemis has done to streamline the greenhouse operations, the value they bring growers with their software, and the work they've done leading the market to elevate this industry," said Adam Greenberg, founder and CEO of iUNU.
"iUNU has done an incredible job building advanced analytics solutions for the most critical element of your operation – the plants. Artemis has done the same for the people and operations. By combining plants, people, and operations, we're poised to scale the technologies underpinning the fastest-growing segment of the agriculture industry – controlled environment agriculture," said Allison Kopf, founder and CEO of Artemis.
As part of the acquisition, Kopf joins iUNU's executive team as chief marketing officer and head of data products.
For more information:
Allison Kopf
Artemis
akopf@artemisag.com
https://artemisag.com/