The agtech firm said the deal will strengthen its presence in the hospitality, restaurant, and catering segments
The new partnership, underscored by an MoU, aims to build and operate RedSea greenhouses at SDC locations
At 65,000 square feet, AeroFarms AgX is the largest indoor vertical farm of its kind for research and development in the world
There are a couple of changes restaurants can implement that will not require any huge investment
Founded in 2021, Right Farm uses predictive technology, which is designed to provide a seamless and convenient end-to-end process from farm to table
Other investors include Britain’s Metric Capital Partners and South Korea’s IMM Investment
The agtech company will use the funds for its global and regional expansion plans, including the expansion of its fresh produce business in the GCC
DisruptAD, ADQ’s venture platform, and Enhance Ventures, the venture studio for the MENAPT region, led the seed equity funding round
Initial investor group includes Aramco venture Wa’ed, the Future Investment Initiative Institute and KAUST from Saudi Arabia, as well as UAE-based Global Ventures