Root AI, a Somerville, Mass.-based startup developing the Virgo harvesting robot for indoor farms, was acquired by AppHarvest for $60 million. AppHarvest is investing approximately $10 million in cash and the remaining balance in AppHarvest common shares to acquire Root AI. Founded in 2018, Root AI's 19 full-time employees are expected to join AppHarvest's technology group. Root AI co-founder and CEO Josh Lessing will take on the role of CTO for AppHarvest. He will take the lead in continuing to develop the robots and AI capabilities for the network of indoor farms AppHarvest is building.
Apr-9-2021, 11:30:49 GMT