AeroFarms turned itself around after bankruptcy. Is it a sign that vertical farming can succeed?

Get the Full StoryFor the last two quarters, the once-struggling vertical farming startup has been profitable.

After raising billions in funding, vertical farming companies have struggled. Plenty, a Silicon Valley-based startup backed by investors including Jeff Bezos and Eric Schmidt, filed for bankruptcy in March. Bowery, which was once valued at 2.3 billion, shut down last fall. Another startup, Fifth Season, shuttered its automated indoor farm in 2022. AeroFarms, a pioneer in the space, declared bankruptcy in 2023.

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