The Crown corporation, which provides financing to agricultural businesses, participated alongside Lewis and Clark Partners and S2G Investments, which led the round. Seattle-based Iunu, which uses AI and computer vision to track plant development in greenhouses, plans to use the money to expand across North America and Europe, hire more staff and sign up more clients to use its Luna software platform. (The Logic)
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The Crown corporation, which provides financing to agricultural businesses, participated alongside Lewis and Clark Partners and S2G Investments, which led the round. Seattle-based Iunu, which uses AI and computer vision to track plant development in greenhouses, plans to use the money to expand across North America and Europe, hire more staff and sign up more clients to use its Luna software platform. (The Logic)
Talking point: The fundraise is a second tranche of Iunu’s Series B, Axios reported, with the startup raising an additional US$20 million in the first tranche. CEO Adam Greenberg told Axios that Iunu’s software is a significant improvement from the tape measures and spreadsheets traditionally used to track growth in the greenhouse industry. Greenberg told HortiDaily that Iunu plans to hire salespeople in Canada. Founded in 2013, Iunu’s software is used in more than 100 facilities in 18 countries.
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