Enthing (CEO Kim Hye-yeon) announced on the 4th that it has signed a contract to supply an AI agricultural platform worth 15.8 billion won to the building-type vertical farm "I'm Farm Tower" and secured strategic investment from Samsung Venture Investment. This has secured a business pipeline worth over 20 billion won by 2026.
On February 27th, Enthing signed a contract with Chester One Development to provide an integrated farm management solution based on its AI agricultural platform, "N.FARM.AI," to the I'm Farm Tower, slated for construction in Ohak-dong, Yeoju, Gyeonggi Province. The project will cover eight floors, from the 3rd to the 10th, with 80 units, totaling 4,040 pyeong (approximately 13,354 square meters).
This solution includes AI environmental control, real-time growth monitoring, yield prediction, sales and cost analysis, and integrated farm management capabilities. Construction on the I'm Farm Tower is scheduled to begin in the first half of 2026, and upon completion in 2027, it is expected to produce approximately 1,000 tons of high-value-added crops annually.
Enthing plans to use this project as a catalyst to expand its B2B platform business, providing integrated AI solutions for large-scale urban vertical farms. Furthermore, based on a strategic investment from Samsung Venture Investment, Enthing plans to expand its collaboration with large food and distribution companies on fresh vegetable supply and smart farm construction projects.
Based on this investment, Enthing will prepare for a KOSDAQ listing with Samsung Securities as the lead manager along with Series C investment. The raised funds will be used for the advancement of N.FARM.AI, research and development of new high value-added crops such as strawberries and herbs, and expansion into global markets starting with Indonesia.
Kim Hye-yeon, CEO of Anything, said, “We have advanced the cultivation data and operational know-how accumulated over the past 10 years into an AI-based platform,” and added, “We will lead the AX transformation of Korean agriculture by disseminating the verified solution to farms and companies nationwide.”
In the global smart farm market, competition between AI-based vertical farming solutions and B2B platform models is intensifying, and strategic partnerships between local and global companies are on the rise.
- See more related articles
You must be logged in to post a comment.