AeroFarms turned itself around after bankruptcy

AeroFarms turned itself around after bankruptcy
Photo by Joshua Whitney on Unsplash

After raising billions in funding, vertical farming companies have struggled.

Plenty, a Silicon Valley-based startup backed by investors including Jeff Bezos and Eric Schmidt, filed for bankruptcy in March. Bowery, which was once valued at $2.3 billion, shut down last fall. Another startup, Fifth Season, shuttered its automated indoor farm in 2022. AeroFarms, a pioneer in the space, declared bankruptcy in 2023.

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