Iron Ox Overview
Company Headquarters: US
Founded: 2015
Workforce: ~30
Company Working: Iron Ox is one of the leading indoor farm stations that uses robotics-first human-led approach to grow crops, vegetables, and crops. The indoor farming robots require minimal energy and use modern methods of farming such as hydroponic technology. This approach has reduced nearly 90% consumption of water and increased the yield by nearly 30 times than by the traditional farming methods. The robots offered use Lidars and 3D cameras to pick, grab, and plant crops on farm modules. It is engaged in the production of romaine lettuce, bok choy, and cilantro, among others. The company serves the local farming communities across the US and has managed to raise seed funding of nearly USD 6 million. The annual revenue of the company in 2018 was around USD 1.5 million.
Strategy
Iron OX is one of the many start-ups that is focusing on increasing crop production while minimizing human effort. The company’s major strategy revolves around the development of its robot-led farm into a fully autonomous robot farm. The company also plans to expand its operations outside the US after achieving stability within the country. The company also envisions to implement artificial intelligence to increase the yield over a smaller area.
