Physical AI agriculture platform company Ensin said on Tuesday it signed a 15.8 billion won contract to supply an AI agriculture platform to the building-type vertical farm "I Am Farm Tower" and also secured strategic investment from Samsung Venture Investment.
Ensin signed a contract on Feb. 27 with Chester One Development Co., Ltd. to supply an integrated farm management solution based on its AI agriculture platform, N.FARM.AI, to the I Am Farm Tower project planned for Oakhak-dong, Yeoju, Gyeonggi province. The supply scope covers 8 floors from the third to the 10th, 80 units, totaling 4,040 pyeong, or about 13,354 square metres.
The solution Ensin will supply includes an AI environmental control system, real-time growth monitoring, yield forecasting, sales and cost analysis, and integrated farm management functions. I Am Farm Tower is set to break ground in the first half of 2026 and is expected to be able to produce about 1,000 tons of high-income crops annually once completed in 2027.
© Ensin
Ensin plans to use the project to expand into a B2B platform business supplying AI-integrated solutions to large urban vertical farm complexes.
Ensin recently secured strategic investment from Samsung Venture Investment. Ensin is working with major food and distribution companies on projects to supply fresh vegetables and build smart farms, and plans to expand the scope of cooperation on the back of the investment.
Building on the strategic investment, Ensin will step up its Series C fundraising and prepare to list on the Kosdaq market with Samsung Securities as lead manager. It plans to use the funds raised to upgrade its AI platform N.FARM.AI, research and develop new high value-added crops such as strawberries and herbs, and expand into global markets starting with Indonesia.
Chief Executive Hye-yeon Kim (김혜연) said, "We upgraded 10 years of accumulated cultivation data and operational know-how into an AI-based platform," adding, "We will spread proven solutions to farms and companies nationwide to lead the AX transformation of Korean agriculture."
Source: Digital Today
