Katif
Company

Last deal

$300K

Amount

Pre-Seed

Stage

01.03.2019

Date

2

all rounds

$550K

Total amount

General

About Company
Katif is a company that provides cost-effective vertical farming solutions using robotics.

Industry

Sector :

Subsector :

Keywords :

founded date

30.01.2019

Number of employees

Company Type

For Profit

Last funding type

Pre-Seed

IPO status

Private

Description

The company's innovative and patent-pending system grows crops locally and vertically, while optimizing resources and increasing local farmers' profits. The climate-agnostic system produces 5-25 times more than existing farms, using 90% less water and decreasing electricity use by 30%. Katif's unique business model includes open-source hardware and a recurring licensing fee for the A.I. Katif Cloud operating system, which monitors and directs all tasks across the farm. The company is developing autonomous farming technologies to facilitate the move to urban, vertical, and automated farms, with a vision of building turn-key setups of farms capable of feeding the future.