5 Best Internet of Things (IoT) Companies In the World

4. Grownetics

Grownetics, founded in 2015, is a crop-analytics and cultivation system firm that facilitates indoor farming. It has so far raised hundreds of thousands of dollars in funding, although the exact figure remains undisclosed. The company is headquartered in Colorado, United States. It currently operates on a small team but has plans to grow. The company also has one trademark registered to its name in the electronic apparatus category.

Global population is continuing to increase at an alarming rate and food security is a growing concern for many countries. There is evidence to suggest that indoor farming may need to supplement outdoor growing in order to meet food demand of the global population in the coming years. However, indoor farming methods are still in their infancy and there is a dire need for research and development in the sector.

Grownetics is stepping in to fill that void. The company uses sensors and artificial intelligence to make 3D models for climate control, offers remote assistance and plant tracking to farmers, and even provides task management. As precision farming market share expands, with expected growth forecast to touch $12 billion this decade, the company at the forefront of this revolution should certainly be worth a lot more in the future.