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. 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.
- Annual Revenue$17.28 M (USD)95916.67as on Dec 31, 2025
- Net Profit-$36.79 M (USD)-23.25as on Dec 31, 2025
- EBITDA-$17.71 M (USD)-203.65as on Dec 31, 2025
- Total Equity Funding$4.5M (USD)
in 6 rounds
- Latest Funding Round$30M (USD), Post-IPO
May 2025
- Employee Count11
- Investments & AcquisitionsCascade Sciences
& 5 more
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.
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.
Apps and channels of Agrify
its YouTube channel Agrify has 37.5K subscribers and 30 videos.
Videos from Agrify
The most watched videos on Agrify's YouTube channel, Agrify (37.5K subscribers). Click a video to play it here.
More on Agrify.
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 $4.5M
- Total Rounds 6
- Last Round Post-IPO — $30M
- First Round $4.5M
(Jan 2020)
All 6 funding rounds of Agrify with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2025 | $30M | Post-IPO | – | – | – |
| Nov 2024 | $25.9M | Post-IPO | – | – | – |
| Aug 2024 | $400,000 | Post-IPO | – | – | – |
| Jan 2022 | $27.3M | Post-IPO | – | – | – |
| Oct 2021 | $17M | Post-IPO | – | – | – |
| Jan 2020 | $4.5M | Series A | – | – | – |
People of Agrify
2 people are tracked at Agrify (1 in leadership, 1 in team); the tracked headcount is 11.
| Name | Role | Group |
|---|---|---|
Raymond Chang | Chairman & CEO | Leadership |
Angel J Diaz | System Administrator | Team |
Complete people profiles for Agrify
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
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.
- IPO date28 Jan 2021
- Listed onNASDAQ: AGFY
- Listed entityRYTHM, Inc.
- Exchange sectorProducer manufacturing
- ISINUS00853E4044
- Share price$21.10 (+8.09% on the day) · 2026-10-09
- Market capitalisation$46.0M
- EPS (diluted, trailing year)$-11.24
- Volume (last session)22,582
Financials of Agrify
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $17.3M | -$36.8M | -$17.7M |
| 2024 | $18,000 | -$29.9M | -$5.8M |
| 2023 | $15.1M | -$18.6M | -$13.6M |
| 2022 | $58.3M | -$188.2M | -$118.9M |
| 2021 | $59.9M | -$32.5M | -$28.4M |
Detailed financial statements for Agrify
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Supplier of laboratory equipments | labsociety.com | Boulder, United States | 2016 | Feb 2022 | $8M | |
Rosin filter bags, hash vessels, and freeze dryers are manufactured. | gopurepressure.com | Denver, United States | 2015 | Dec 2021 | $9M | |
Vacuum ovens, distillation equipment, and lab repair services are provided. | cascadesciences.com | Hillsboro, United States | 2016 | Oct 2021 | •••• | |
Cannabis extraction equipment is manufactured by Precision Extraction Solutions. | precisionextraction.com | Troy, United States | 2014 | Oct 2021 | •••• | |
Medical cannabis services are provided to healthcare users. | trigrowbrands.com | – | 2018 | Dec 2019 | •••• | |
Precision cultivation solutions are provided for cannabis growers. | trigrow.com | Atlanta, United States | 2014 | Dec 2019 | •••• |
Complete acquisition details for Agrify
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Agrify
10 dated milestones of Agrify across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Agrify is founded.
- Acquisition Acquires TriGrow.
- Acquisition Acquires trigrowbrands.com.
- Funding First funding round of $4.5M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Precision Extraction Solutions.
- Acquisition Acquires Cascade Sciences.
- Acquisition Acquires PurePressure.
- Acquisition Acquires Lab Society.
- Funding Latest funding round, Post-IPO, of $30.0M.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tortugaagtech.com | 2016 | Denver, United States | $27.67M | 18 | Provider of AI-enabled robot greenhouses systems | |
| ageyetech.com | 2018 | Durham, United States | $1.83M | 4 | AI-powered farm management solutions are provided for horticulture and operations. | |
| koidra.ai | 2020 | Seattle, United States | $4.5M | – | IoT and AI-based solutions for indoor farm automation are provided. | |
| ingarden.com | 2005 | Dover, United States | $2.84M | 4 | Automated kits for organic microgreens are provided for home use. | |
| farmshelf.com | 2015 | San Francisco, United States | $13.97M | 16 | Cloud-based automated systems for indoor crop growing are provided. | |
| trym.io | 2018 | Novato, United States | $3.1M | – | Software is developed for commercial growers to enhance efficiency. | |
| aerogrow.com | 2002 | Boulder, United States | – | 40 | Developer of smart indoor gardening kits and accessories | |
| aroya.io | 2018 | Pullman, United States | – | – | Provides tools for precise irrigation and monitoring in agriculture cultivation. |
Detailed competitors of Agrify
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Agrify
The website of Agrify (agrify.com) receives about 10.1K visits a month.
- Monthly visits10.1K
▲ 77.9% vs previous month
Latest news on Agrify
Complete news archive for Agrify
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Agrify
10 companies that operate in the same segment as Agrify (Cannabis Health Tech Ecosystem), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cannabis products are provided to support consumer wellness and health. | 2013 | Smiths Falls, Ontario, Canada | – | USD 204.24 M | 960 | |
Online marketplace platform for cannabis traders | 2015 | New York, New York, United States | USD 195.4 M | – | – | |
Loyalty and marketing solutions for cannabis dispensaries are provided. | 2012 | West Palm Beach, Florida, United States | USD 25.79 M | USD 22.83 M | – | |
An online marketplace for cannabis products is operated. | 2017 | Bend, Oregon, United States | USD 603 M | – | 137 | |
Online platform for cannabis strains, reviews, and ratings | 2010 | Seattle, Washington, United States | USD 40.7 M | – | – | |
Provider of cannabis products, brands, and international business development investments | 2013 | Moncton, New Brunswick, Canada | – | USD 186.16 M | 898 | |
ERP software is offered via cloud platform for cannabis operations. | 2018 | Boston, Massachusetts, United States | – | USD 110.08 M | 313 | |
Online marketplace connecting licensed cannabis vendors and dispensaries | 2015 | Chicago, Illinois, United States | USD 22.57 M | – | – | |
Enterprise software is provided for cannabis dispensary management. | 2016 | Oakland, California, United States | USD 75.5 M | USD 148.97 K | 97 | |
Proprietary medical cannabis strains are developed and offered. | 2014 | Maryland Heights, Missouri, United States | USD 156 M | – | 557 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Agrify
Agrify was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Agrify is headquartered in Burlington, United States. It is registered at Burlington, Vermont, United States.
Raymond Chang is the current CEO of Agrify.
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 Series A of $4.5M, raised on Jan 2020.
Agrify has 11 employees.
Annual revenue of Agrify is $17.28M as on Dec 31, 2025.
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.
Agrify's top competitors include Tortuga AgTech, AgEYE Technologies and Ingarden.
Agrify offers Vertical Farming, LED Grow Lights, Hydrocarbon Extraction, Short Path Distillation, and Training and Installation.
Yes, Agrify is publicly traded on NASDAQ under the ticker symbol RYM.
Agrify has made 6 acquisitions, including Cascade Sciences, Lab Society, and Precision Extraction Solutions.
Agrify operates through Agrify Corporation.