MetoMotion Closes $5 Million Investment Led by Ridder and Navus to Bring Robotic Automation to the Greenhouse Industry
Summary
Greenhouse equipment companies are seeking technological developments that expand their product offerings and the demand for sustainable vegetable harvesting all year round. MetoMotions GRoW robot brings state-of-the-art technology into the greenhouse, making use of latest Artificial Intelligence (AI)-based computing for 3D perception. The GRoW robot packs the crops into standard industry boxes for easy and seamless integration with existing production procedures. The company aims to transform indoor farming production in modern greenhouses through its smart robotics platform that enables farmers and growers to solve labor shortages, reduce costs and improve yields. MetoMotion was established in 2016 as a portfolio company of The Trendlines Group Ltd. (SGX: 42T) (OTCQX: TRNLY) with support from the Israel Innovation Authority and with investment from the Technion DRIVE Accelerator.