About Root AI
Root AI is a company based in Somerville (United States) founded in 2018 by Ryan Knopf and Josh Lessing was acquired by AppHarvest in April 2021.. Root AI has raised $10.2 million across 4 funding rounds from investors including AppHarvest, AgFunder and Accomplice. Root AI operates in a competitive market with competitors including Advanced Farm Technologies, Muddy Machines, Tevel Aerobotics Technologies, Robotics Plus and Four Growers, among others.
- Headquarter Somerville, United States
- Founders Ryan Knopf, Josh Lessing
-
Sectors
AgricultureIndustrial Goods & Manufacturing
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$10.2 M (USD)
in 4 rounds
-
Latest Funding Round
$7.9 M (USD), Seed
Aug 10, 2020
-
Investors
AppHarvest
& 11 more
-
Employee Count
Employee Count
-
Acquired by
AppHarvest
(Apr 08, 2021)
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
Unlock access to complete
Unlock access to complete
Funding Insights of Root AI
Root AI has successfully raised a total of $10.2M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $7.9 million completed in August 2020. 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 4
- Last Round Seed — $7.9M
-
First Round
First Round
(09 Aug 2018)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Seed - Root AI | Valuation | AgFunder , Outsiders Fund | |
| Apr, 2020 | Amount | Grant - Root AI | Valuation |
investors |
|
| Feb, 2019 | Amount | Grant - Root AI | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Root AI
Root AI has secured backing from 12 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include AppHarvest, AgFunder and Accomplice. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital fund focused on ag-tech and food-tech sectors
|
Founded Year | Domain | Location | |
|
Accomplice is engaged in venture capital investments for startups.
|
Founded Year | Domain | Location | |
|
Early-stage VC firm focused on disruptive industry founders.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Root AI
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Root AI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Root Ai Comparisons
Competitors of Root AI
Root AI 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 Advanced Farm Technologies, Muddy Machines, Tevel Aerobotics Technologies, Robotics Plus and Four Growers, 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 |
Developer of automated strawberry harvesting robots
|
|
| domain | founded_year | HQ Location |
AI-powered autonomous robots for crop fieldwork are developed.
|
|
| domain | founded_year | HQ Location |
AI-powered autonomous drones are developed for fruit harvesting.
|
|
| domain | founded_year | HQ Location |
Robotic machines for horticulture produce handling
|
|
| domain | founded_year | HQ Location |
Developer of robotic tomato harvesters
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Root Ai
Frequently Asked Questions about Root AI
When was Root AI founded?
Root AI was founded in 2018.
Where is Root AI located?
Root AI is headquartered in Somerville, United States. It is registered at Somerville, Massachusetts, United States.
Who is the current CEO of Root AI?
Josh Lessing is the current CEO of Root AI. They have also founded this company.
Is Root AI a funded company?
Root AI is a funded company, having raised a total of $10.2M across 4 funding rounds to date. The company's 1st funding round was a Grant of $220.98K, raised on Aug 09, 2018.
What does Root AI do?
Root AI was founded in 2018 in Somerville, United States, within the AI robotics sector focused on agriculture. AI-powered robots are provided for harvesting fruits in indoor farming environments. Ripe fruits are identified by an integrated vision system to enable damage-free picking. Paths to targets are planned using 3D vision sensors amid complex growing conditions. Operations center on enhancing efficiency in controlled agricultural settings.
Who are the top competitors of Root AI?
Root AI's top competitors include Muddy Machines, Advanced Farm Technologies and Robotics Plus.
Who are Root AI's investors?
Root AI has 12 investors. Key investors include AppHarvest, AgFunder, Accomplice, Outsiders Fund, and PJC.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.