In other news, agtech company Ever.Ag acquired AI data science firm Austin Data Labs, and Plantible Foods partnered with ICL Food Specialties to create a clean-label alternative to methylcellulose. Sustainable packaging startup Mi Terro partnered with Lipton to develop dissolvable tea pots. Several companies, including Notpla and Wadhwani AI, received grants, while others like AgBiome and Shipt announced layoffs. E-scooter maker URB-E rebranded as Llama to focus on urban logistics.
Key takeaways:
- E-scooter maker URB-E rebranded as Llama and is shifting its focus to urban logistics. Several startups including Overstory, GoodBytz, and FarmInsect announced new funding rounds.
- Several companies, including Notpla and Wadhwani AI, received new grants. However, layoffs continue in the online food shopping sector, with companies like AgBiome and Shipt reducing their workforce.
- There were several significant partnerships and acquisitions in the agtech and foodtech sectors, including Ever.Ag's acquisition of Austin Data Labs and Plantible Foods' collaboration with ICL Food Specialties.
- Several funding rounds were announced in the agtech and foodtech sectors, with startups like Overstory, FarmInsect, CarbonFarm Technology, and GoodBytz raising significant capital.