iUNU today announced its acquisition of Artemis, an enterprise Cultivation Management Platform. Together, the two companies offer technologies in the indoor agriculture industry. iUNU’s acquisition of Artemis marks its latest step in driving the future of controlled environment agriculture. The two companies are joining forces to accelerate their market share and expand the market.
This acquisition will be iUNU’s second. Over the past few years, the CEA industry has seen expansive growth. According to Pitchbook, indoor agriculture companies received nearly $2 billion in funding in 2020 alone. Several indoor agriculture companies reached billion-dollar valuations this year (both private and via SPACs), including Bowery, Local Bounti, and AeroFarms. In such a competitive market, where unit cost of production remains a core differentiator, indoor agriculture companies can’t afford to fly blind without detailed insight into their production. Artemis aims to be the best in the industry at enabling 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 are constantly collecting 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. This intelligence and applied AI, coupled with user-friendly production software, is a game-changer. 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 the first opportunity growers will have to access a completely AI-driven platform to manage all operations – including inventory tracking, production planning, yield forecasting, pest and disease management, food safety, and labor tracking.
“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, Artemis’ founder and CEO, Allison Kopf, will be joining iUNU’s executive team as Chief Marketing Officer and Head of Data Products.