ROWAIN Secures Funding to Advance Robotic Vertical Farming and Global Expansion

ROWAIN, a South Korean startup specializing in robotic vertical farming systems, has secured seed bridge funding from CNTTech. Previously, the company also received a seed investment from Sopoong Ventures. ROWAIN has successfully developed a prototype of its IntelliFarm system, a robotic vertical farming solution. This recent investment is poised to significantly support further research and development as well as facilitate the company’s entry into global markets. The funds are primarily allocated for system validation, expansion of production facilities, and recruitment.

Founded in 2022, ROWAIN developed IntelliFarm, a novel robotic vertical farming system that enhances the efficiency of robots. The system adapts autonomous transfer robots, previously utilized in logistics, to vertical farming, thereby addressing labor shortages and maximizing economic benefits. The company plans to officially launch the system after validating it in its own showroom later this year.

In July, ROWAIN will showcase its technology and innovation at the AFRO 2024 exhibition, aiming to forge new partnerships and attract new customers.

Next year, the company plans to participate in the CES 2025, within the integrated Korean pavilion. This participation is expected to introduce its robotic vertical farming systems to the global market, provide a blueprint for the future of agriculture, and attract international customers.

Lee Kyung-ha, CEO of ROWAIN, stated, “IntelliFarm introduces a new paradigm in agriculture, offering an economically viable vertical farming system that solves labor shortages through robotics. As a unique robotics expert in the agricultural sector, ROWAIN is committed to using our advanced automation technologies developed for IntelliFarm to help overcome agricultural challenges and the climate crisis.”

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