iUNU Acquires Artemis to Offer Complete AI-Based Solution for Indoor Agriculture
Agtech, iUNU, announced its acquisition of Artemis, a developer of crop management platform.
Based in Seattle, Washington, iUNU is known for its Luna System, which combines software with a variety of high-definition cameras – stationary and mobile – and environmental sensors to track details of plant growth and health in environments. inland agriculture. .
Artemis’ CMP allows producers to track all their operations and production data in one place, integrating with existing systems (climate control, accounting, ERP), providing an overview of productivity and production. compliance. More than 1,000 users are active on Artemis, the press release said.
Both companies have been active in providing technology for the indoor agriculture industry across North America. Together, they aim to accelerate their market share and expand the market.
According to the press release, iUNU and Artemis are working with well-known customers in the industry, including CubicFarm Systems Corp. in British Columbia, Hydroserre in Quebec and North Shore Greenhouses, Inc. in California.
âArtemis is an exceptional company with a strong team and a product deployed on many varieties of crops. We are much better together than apart, and I am delighted to join our efforts. We have long respected the work Artemis has done to streamline greenhouse operations, the value they bring to growers with their software, and the work they have done to lead the market to elevate this industry, âsaid Adam. Greenberg, Founder and CEO of iUNU.
The merger of iUNU and Artemis would present the first opportunity for producers to access a fully AI-based platform to manage all operations – including inventory tracking, production planning, yield forecasting, pest and disease management, food safety and workforce monitoring. In short, Artemis will become the user-centric component while iUNU powers data collection and AI, says Allison Kopf, Founder and CEO of Artemis. âTogether, the integrated products will focus on running a truly self-sufficient greenhouse. “
This acquisition will be iUNU’s second in recent months as they acquired CropWalk, a full-service, integrated pest management solution. The iUNU says it has seen 12-fold year-over-year growth this year. Together, Artemis and iUNU work with producers of 16 million square feet, with additional expansion opportunities of over 40 million square feet. Companies share a knowledge base of over 2 billion square feet of images
The iUNU and Artemis have accumulated data sets that help to build the risk profile of an operation, secure the risk with more credibility, and fund industry expansion by creating more CEA operations for meet market demand. Artemis has already helped lenders connect and fund over $ 150 million in expansion capital for its clients and, as part of this acquisition, will continue to grow this business.
âIUNU has done an incredible job creating advanced analysis solutions for the most critical part of your operations: factories. Artemis did the same for people and operations. By combining factories, people and operations, we are poised to scale the technologies that underpin the fastest growing segment of the agricultural industry – controlled environment agriculture, âsaid Kopf.
For customers in Canada, Kopf says this is an incredibly exciting partnership. âIUNU has a satellite office in Canada and members of the Canadian Artemis team will add an additional presence for our business in the region. We will also continue to focus on expanding to more customers across Canada, adding to our already strong customer base.
As part of the acquisition, Artemis Founder and CEO Allison Kopf will join the iUNU leadership team as Director of Marketing and Head of Data Products.
Source: Artemis & iUNU press release