COMPANY · TIER 06
Plenty
AI-driven vertical farming for controlled-environment agriculture
Accomplishments
Recognized under Tier 6 — Food Systems, Plenty is a US company building AI-managed vertical farms that grow produce on stacked towers under controlled indoor conditions, analyzing millions of environmental data points daily to tune light, water, and nutrient delivery per grow room. After raising more than $900 million in venture funding and opening a large-scale indoor berry farm in Richmond, Virginia, in 2024, the company filed for Chapter 11 bankruptcy in March 2025 amid a broader downturn in vertical-farming financing, then emerged from reorganization with backing from SoftBank Vision Fund 2 and One Madison, narrowing its focus to strawberry production at its Virginia facility. Plenty's controlled-environment approach — growing crops indoors, independent of soil, weather, and daylight, using dense vertical space — mirrors the environmental constraints of a pressurized lunar or Martian habitat, even as the company's financial reset underscores the difficulty of running such systems profitably before they are ever adapted for space.
- COUNTRY
- USA
- REGION
- North America