AppHarvest completes Root AI acquisition
AppHarvest acquired agricultural robotics developer Root AI to add robotic harvesting, crop-health assessment and farm-operations software.
Verified eventAppHarvestApr 7, 2021
Evidence notes
- AppHarvest completed the Root AI acquisition on April 7, 2021.
- Total consideration was US$59.1 million, comprising approximately US$9.8 million net cash and US$49.4 million in equity and replacement options.
- The acquired technology included robotic harvesting hardware, software for crop-health and yield analysis, and an experienced agricultural-robotics team.