- Leading enterprise Cultivation Management Platform (CMP) Artemis has closed $8 million in Series A funding
- Dr. Kathleen Merrigan and Charlie O’Donnell has joined Artemis’ board of directors
- Astanor Ventures and Talis Capital co-led this round of funding.
Artemis (formerly Agrilyst) — a leading enterprise Cultivation Management Platform (CMP) — announced it has closed an $8 million Series A funding round co-led by Astanor Ventures and Talis Capital with participation from existing investors Empire State Development Fund and iSelect Fund. Including this funding round, Artemis has raised $11.75 million in funding. And the funding will be used for rapidly scaling sales and expanding its team across product, engineering, sales, and marketing.
And Artemis also announced it appointed Dr. Kathleen Merrigan and Charlie O’Donnell to its board of directors. Merrigan is the former Deputy Secretary of Agriculture under President Obama and is the first Executive Director of the Swette Center for Sustainable Food Systems at Arizona State University. And O’Donnell is the sole Partner and Founder at Brooklyn Bridge Ventures — which led the seed round of financing.
“We started Artemis with a mission to help indoor farmers and greenhouse operators better manage their operations,” said Artemis founder and CEO Allison Kopf. “This investment coupled with the guidance and deep expertise of Kathleen and Charlie will take our vision, product, and service to the next level—accelerating our ability to enable enterprise-level horticulture businesses to profit and grow.”
Artemis’ proprietary CMP enables owners and managers of large-scale horticulture facilities for reducing risk, scaling operations, ensuring compliance, managing workers, and achieving greater efficiency, and profitability across the whole supply chain from cultivation to sales. Artemis’ integrated solution offers a single pane view of operations — which allows users to track workflows, detect and trace food safety issues, and manage facility production and labor costs.
“Technology innovation is rapidly transforming the agriculture sector. Artemis’ approach to using data as a catalyst for growth and risk management provides the company a significant advantage with enterprise-level horticulture operations,” added Merrigan — who is a new Artemis board member.
Artemis is considered a trusted partner to some of the largest farming companies. And ever since the company launched in 2015, it saw strong customer growth with customers worth a collective $5 billion using the platform daily.
“The Artemis team has built an incredible solution that’s already captured the attention of some of the largest farming companies in the world. There is a clear opportunity in the agtech space with these types of innovators. We look forward to being part of Artemis’ next phase of growth as they extend their leadership position in the space,” explained Matus Maar — Co-founder and Managing Partner at Talis Capital.
So far, Artemis has attracted a wide range of users that are foremost interested in the security, compliance, profitability, and potential for expanding their operations. And the Artemis platform also integrates easily with other software for climate control, shipping/logistics, accounting, ERP/MRP, CRM, and Point of Sale Commerce.
“As someone who first met Allison and learned about Artemis when it was just a concept, it’s been exciting to watch it grow from founding to an award-winning company and product that’s well positioned to play a significant role in the future of food production and safety at a massive scale,” noted Charlie O’Donnell — founder and general partner at Brooklyn Bridge Ventures and new Artemis board member.
