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CubicAcres

Vertical Farming
Product stageSegments
Early
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Farm Operators: Hydroponics
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Cubic Acres grows pesticide-free leafy greens and herbs including baby arugula, basil, kale, romaine lettuce, and microgreens hydroponically, using 99% less water. The company offers customers custom orders, where they can choose to grow different lettuce, leafy green, herb, and root varieties and have it delivered within 6–10 weeks. The company claims that its farms can grow 350 heads of lettuce per square foot (a +99.6% higher yield compared to traditional agriculture) and reduce carbon emissions by 50% compared to traditional agriculture. In addition, the company uses robotics and AI to automate its vertical farming process from seed to harvest and powers its farms using renewable energy.

Key customers and partnerships

As of June 2022, the company served customers in the Long Island and New York City region via its vertical farm in Sonoma Valley, California. In June 2022, the company partnered with UK-based hydroponic vertical farm developer Intelligent Growth Solutions (IGS) to build a new vertical farming facility in Long Island, New York. The farm would produce 2.5 million heads of lettuce per year once fully operational by early 2023.

Funding and financials

In June 2020 CubicAcres raised USD 0.7 million in a seed funding round. In July 2023, the company raised USD 3.7 million in funding via its partnership with Intelligent Growth Solutions (IGS), a UK-based developer of hydroponic vertical farms. The funds were intended to expand CubicAcres' production capacity by 10x in response to the growing market demand for the company's lettuce production.


Vertical Farming

Vertical Farming

Key stats
Featured companies
103
Total funding (USD)
5.7 Bn
Total addressable market (USD)
36.4 Bn
Key competitors
 
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Product Overview
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Company profile
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Recent Updates

Funding
Jul 20, 2023
CubicAcres secures USD 3.7 million from Intelligent Growth Solutions
Vertical Farming
Partnerships
Geographic expansion
Jun 23, 2022
CubicAcres partners with Intelligent Growth Solutions to expand to East Coast US
Vertical Farming

Company Brief


HQ location:
East Setauket NY USA
Founded year:
2019
Employees:
1-10
Total Funding:
USD 700.0 thousand
Last Funding
USD 700.0 thousand, Jan 2020

Funding


Funding data are powered by Crunchbase
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