About Agrify
Agrify is a company based in Burlington (United States) founded in 2016.. Agrify has raised $4.5 million across 6 funding rounds. The company has 11 employees as of December 31, 2024. Agrify has completed 6 acquisitions, including Cascade Sciences, Lab Society and Precision Extraction Solutions. Agrify offers products and services including Vertical Farming, LED Grow Lights, Hydrocarbon Extraction, Short Path Distillation, and Training and Installation. Agrify operates in a competitive market with competitors including Tortuga AgTech, AgEYE Technologies, Koidra, Ingarden and FarmShelf, among others.
- Headquarter Burlington, United States
- Employees 11 as on 31 Dec, 2024
- Stage Public
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Sectors
HealthcareAgriculture
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Rythm, Inc.
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Annual Revenue
$9.68 M-36.07as on Dec 31, 2024
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Net Profit
$-29.85 M-60.08as on Dec 31, 2024
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EBITDA
$-11.73 M13.81as on Dec 31, 2024
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Total Equity Funding
$4.5 M (USD)
in 6 rounds
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Latest Funding Round
$30 M (USD), Post-IPO
May 22, 2025
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Investors
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Employee Count
11
as on Dec 31, 2024
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Investments & Acquisitions
Cascade Sciences
& 5 more
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IPO & Listings of Agrify
Agrify is a publicly listed company on the NASDAQ with ticker symbol RYM in USA, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Agrify
Agrify offers a comprehensive portfolio of products and services, including Vertical Farming, LED Grow Lights, Hydrocarbon Extraction, Short Path Distillation, and Training and Installation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
System for efficient indoor cannabis growth and production.
Energy-efficient lights designed for plant cultivation.
Process for extracting cannabis concentrates safely.
Method for purifying cannabis extracts effectively.
Expert guidance on equipment setup and operation.
Funding Insights of Agrify
Agrify has successfully raised a total of $4.5M across 6 strategic funding rounds. The most recent funding activity was a Post-IPO round of $30 million completed in May 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Post-IPO — $30.0M
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First Round
First Round
(24 Jan 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2025 | Amount | Post-IPO - Agrify | Valuation |
investors |
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| Nov, 2024 | Amount | Post-IPO - Agrify | Valuation |
investors |
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| Aug, 2024 | Amount | Post-IPO - Agrify | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Agrify
Agrify has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Cascade Sciences, Lab Society and Precision Extraction Solutions. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Medical cannabis services are provided to healthcare users.
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2018 | ||||
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Vacuum ovens, distillation equipment, and lab repair services are provided.
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2016 | ||||
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Supplier of laboratory equipments
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Agrify
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Agrify Comparisons
Competitors of Agrify
Agrify operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tortuga AgTech, AgEYE Technologies, Koidra, Ingarden and FarmShelf, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of AI-enabled robot greenhouses systems
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| domain | founded_year | HQ Location |
AI-powered farm management solutions are provided for horticulture and operations.
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| domain | founded_year | HQ Location |
IoT and AI-based solutions for indoor farm automation are provided.
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| domain | founded_year | HQ Location |
Automated kits for organic microgreens are provided for home use.
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| domain | founded_year | HQ Location |
Cloud-based automated systems for indoor crop growing are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Agrify
Frequently Asked Questions about Agrify
When was Agrify founded?
Agrify was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is Agrify located?
Agrify is headquartered in Burlington, United States. It is registered at Burlington, Vermont, United States.
Who is the current CEO of Agrify?
Raymond Chang is the current CEO of Agrify.
Is Agrify a funded company?
Agrify is a funded company, having raised a total of $4.5M across 6 funding rounds to date. The company's 1st funding round was a Post-IPO of $400K, raised on Jan 24, 2020.
How many employees does Agrify have?
As of Dec 31, 2024, the latest employee count at Agrify is 11.
What is the annual revenue of Agrify?
Annual revenue of Agrify is $9.68M as on Dec 31, 2024.
What does Agrify do?
Agrify was founded in 2016 and is headquartered in Burlington, United States. Farm management solutions are offered to horticulturalists, with a focus on hemp and cannabis crop production. An integrated growth system, LED growth lights, and related tools are employed to enable scaling, risk minimization, production scheduling, and facility monitoring within the agricultural technology sector.
Who are the top competitors of Agrify?
Agrify's top competitors include Tortuga AgTech, AgEYE Technologies and Ingarden.
What products or services does Agrify offer?
Agrify offers Vertical Farming, LED Grow Lights, Hydrocarbon Extraction, Short Path Distillation, and Training and Installation.
Is Agrify publicly traded?
Yes, Agrify is publicly traded on NASDAQ under the ticker symbol RYM.
How many acquisitions has Agrify made?
Agrify has made 6 acquisitions, including Cascade Sciences, Lab Society, and Precision Extraction Solutions.
What is Agrify's ticker symbol?
The ticker symbol of Agrify is RYM on NASDAQ.
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