Plenty grows fresh produce indoors using vertical farming, stacking plants in climate-controlled rooms to save space and resources. It uses vertically layered crops to achieve year-round harvests with less water and no pesticides or GMOs. What sets Plenty apart is its focus on space efficiency, resource savings, and a reliable, pesticide-free supply, enabling premium pricing through sustainability. Its goal is to provide high-quality fruits and vegetables year-round in a scalable, profitable indoor farming model.
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Industries
Company Size
201-500
Company Stage
Series E
Total Funding
$941M
Headquarters
South San Francisco, CA
Founded
2013
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Total Funding
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CEA Summit East Day 2 keynote: 'beyond Leafy Greens: Lessons from Plenty's Next Chapter' Plenty CEO Dan Malech opens the CEA Summit's second day in conversation with Tom Stenzel, Executive Director of the CEA Alliance "This conversation will get into the real lessons - what worked, what didn't, & what it takes to find a sustainable path forward. That's exactly the kind of insight CEA industry members are seeking." - Tom Stenzel, Executive Director, CEA Alliance DANVILLE, VA, UNITED STATES, September 3, 2026 / EINPresswire.com / - Indoor Ag-Con and the CEA Innovation Center today announced the Day 2 keynote for the Fifth Annual Controlled Environment Agriculture (CEA) Summit East, taking place Sept. 15-16, 2026, at the Institute for Advanced Learning and Research (IALR) in Danville, VA. The Summit's second morning will open with a fireside chat titled "Beyond Leafy Greens: Lessons from Plenty's Next Chapter," featuring Dan Malech, CEO of Plenty, in conversation with Tom Stenzel, Executive Director of the CEA Alliance. The session takes place Wednesday, Sept. 16, from 8:30 to 9:15 a.m. Plenty spent its first decade building a national vertical farming platform anchored in leafy greens. Over the past two years, the company sharpened its focus, moving to a single crop: premium strawberries grown in Virginia. In this conversation, Malech will talk with Stenzel about that evolution - what the leafy greens years taught Plenty about matching technology to market demand, how the company thinks about focus and discipline in a capital-intensive business, and what he'd tell other operators charting their own path to a sustainable model. "Dan brings a level of candor about what it takes to build a durable business in this industry," said Tom Stenzel, Executive Director of the CEA Alliance. "This conversation will get into the real lessons - what worked, what didn't, and what it takes to find a sustainable path forward. That's exactly the kind of insight CEA industry members are looking for." This keynote follows the Summit's opening day keynote on Sept. 15: "Grow It, Then What? Building the Bridge to Market," a fireside chat featuring Kathlyn Terry Baker, CEO of Appalachian Sustainable Development, in conversation with Matthew Lohr, President of VP Strategies LLC and Virginia's former Secretary of Agriculture and Forestry. The full schedule, speaker roster, networking events, tabletop exhibits and registration are available at www.ceasummit.com. For exhibitor and sponsorship inquiries, contact Suzanne Pruitt at [email protected] or 404.452.1884. The CEA Summit East is an annual conference bringing greenhouse growers, vertical farm operators, and controlled environment agriculture (CEA) professionals together with researchers, extension professionals, suppliers, and industry leaders. Produced by Indoor Ag-Con and the CEA Innovation Center - a joint project of IALR and the Virginia Tech College of Agriculture and Life Sciences - the Summit focuses on the intersection of protected cropping, production science, and emerging technology. Held at IALR in Danville, Va, the event includes keynote presentations, panel discussions, breakout sessions, tabletop exhibits, and guided tours of the CEA Innovation Center's working research facility. For more information, visit www.ceasummit.com About Indoor Ag-Con Now in its 14th year, Indoor Ag-Con is the global event for protected ag, greenhouse growing and CEA, connecting growers, suppliers, researchers, and technology leaders across the full agriculture supply chain. Indoor Ag-Con 2027 takes place March 24-25, 2027, at the Westgate Las Vegas. Indoor Ag-Con also presents CEA Summit East, held each fall in Danville, VA, in partnership with the CEA Innovation Center, a joint project with Virginia Tech's College of Agriculture and Life Sciences and IALR. For more information, visit www.indoor.ag About the CEA Innovation Center The CEA Innovation Center is primarily housed in Danville, Virginia, on the IALR campus and in Blacksburg, Virginia, on the Virginia Tech main campus. It is a joint project between the Virginia Tech College of Agriculture and Life Sciences and IALR to serve the growing controlled environment agriculture industry. It addresses industry needs through research, education, and extension programs. For more information, visit www.ceaic.org About Plenty Plenty built a technology platform that can grow fresh produce almost anywhere in the world, year-round, with peak-season quality while using just a fraction of the land compared to outdoor farms. Plenty's proprietary approach is designed to preserve natural resources, make fresh produce available closer to communities, and create resilience in its food systems against weather, location, pests and climate impacts. Plenty operates a vertical farming research center in Laramie, Wyoming, and an advanced indoor strawberry farm near Richmond, Virginia. For more information, visit www.plenty.ag. About the CEA Alliance The CEA Alliance is a membership trade association representing and serving high-tech greenhouse producers and indoor farms growing fruits and vegetables in a highly controlled indoor production environment. For more information, visit www.ceaalliance.com Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. Agriculture Industry Today do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Growing underground. A wave of costly failures has humbled vertical farming. Its next chapter is now being written underground, and it looks far more affordable. In July Jacob Nickles and his colleagues lowered themselves 1.1 kilometres beneath England's North Yorkshire moors, past the dark-matter detectors, and planted a crop. Their farm, in a working polyhalite mine near Whitby, is now the deepest in the world. Nickles, who co-leads the controlled-environment group at the University of Sheffield's Institute for Sustainable Food, reckons the pit's steady temperature and ready-made ventilation could strip out the energy costs that have sunk flashier rivals. Lord Vallance, the science minister, backed the 12-month trial as a hedge against Britain's fickle weather. The pitch is old mine shafts reborn as food hubs in some of the UK's poorer corners. Graham Yost turned the notion into television in 2023. In Silo, his Apple adaptation of Hugh Howey's novels, 10,000 survivors farm the middle levels of a mile-deep bunker while the poisoned surface of the Earth festers overhead. Real subterranean farming is older and a good deal less cinematic. Parisians grew mushrooms in the quarries beneath their city from the early 1800s, until the metro's tunnels drove them out. The Hollywood connection doesn't end with the science fiction of Silo. Backers as famous as Natalie Portman and Justin Timberlake once queued to fund indoor farms. By 2025 they were nursing heavy losses. Plenty Unlimited, which had raised 940 million dollars from investors including SoftBank, filed for Chapter 11 in March that year, its valuation down more than 99 per cent from a peak near two billion. Bowery Farming, backed by Portman and Timberlake and once worth 2.3 billion US dollars, shut down late in 2024 and began auctioning off its lighting rigs. AeroFarms and AppHarvest had already filed for bankruptcy in 2023; the first restructured, the second did not survive. By one count, 14 controlled-environment firms folded during 2025 alone. Tisha Livingston, who has kept 80 Acres Farms solvent, blames the arithmetic of light. Stacking lettuce under LEDs in a chilled shed can cost 100 times more per acre than a field, and the lamps never rest. She has said her own firm came through by staying "extremely cautious" with cash while rivals spent freely. Down in the dark. Sean Paling has run dark-matter experiments a kilometre below the surface for years, and his Boulby laboratory now hosts the Sheffield trial. The rock holds a steady temperature for nothing, he points out, and blocks the cosmic rays and hard frosts that trouble the surface. The lamps, and their bills, follow the crops underground all the same. In 2017 Jean-Noël Gertz and Théo Champagnat began growing mushrooms in a disused Paris car park. Trading as Cycloponics, the pair filled several thousand square metres of concrete in the 18th arrondissement with oyster and shiitake, chicory and microgreens, and later added sites in Strasbourg and Bordeaux. La Caverne had been built for cars that Parisians stopped buying; it now aims for about 50 tonnes of produce a year. Its crops want little light, and each day's harvest goes out across the city by bicycle. Steven Dring and Richard Ballard opened Growing Underground beneath Clapham in south London in 2015. Their farm lies 33 metres down in a wartime air-raid shelter that once held 8,000 people during the Blitz and later housed arrivals from the Empire Windrush. The business, now Zero Carbon Farms, took B Corp status in 2021 and supplies Marks and Spencer with microgreens and salad leaves grown on 70 per cent less water than a field. Olivia O'Brien, its business-development director, said in February that the tunnels run the year round on renewable power. Nickles has given himself a year to see which crops can stand the ambient salt and the heat thrown off by the mine's machinery. Farm Urban, his commercial partner, has already planted the first trays a kilometre down. Thousands of disused pits lie across Europe, many in towns and cities that lost most, in some cases all, of their industry decades ago. Underground farming could be one way of beginning their revival. Many people will be watching closely when Farm Urban releases the first results of its experiment next summer. Photo: Dreamstime.
AMV BBDO and Plenty bring harmony to messy kitchens with A playful campaign. AMV BBDO has teamed up with Plenty to tackle everyday Kitchen Situationships through a witty campaign set to the refrain, "I love you, I love you... but why so much mess?" The collaboration highlights Plenty's sustainable indoor farming mission, blending humour with fresh, eco-friendly food innovation. AMV BBDO and Plenty have joined forces to restore balance to one of the most relatable domestic battlegrounds: the kitchen. Their new campaign, built around the catchy refrain "I love you, I love you... but why so much mess?", captures the humour and tension of shared cooking spaces while offering a light-hearted solution. Plenty, a pioneering indoor farming company, is on a mission to deliver fresh, healthy food while protecting the planet. Its pesticide-free, non-GMO leafy greens are grown locally, cutting transportation miles and reducing emissions, ensuring produce that tastes as if it were picked straight from the garden. By making fresh food available all year round, Plenty is reimagining farming for a new kind of world. AMV BBDO, part of the global BBDO network, is renowned for solving big business challenges with bold creative ideas. With this campaign, the agency has blended Plenty's sustainability ethos with everyday humour, turning the frustrations of kitchen mess into a playful narrative that resonates with households everywhere.
Vertical farms tried to compete with open field farming. It isn't going well. The industry was a darling of the venture capital world 10 years ago. With many farms out of business, the remaining companies have scaled back. Vertical farming businesses blossomed a decade ago, promising an abundant, cleaner source of fruits and vegetables. Today, most of those start-ups have withered. Constructed in opaque buildings, like warehouses, vertical farms resemble sterile manufacturing facilities more than farms. Crops are grown in trays stacked to the ceiling, fed with hydroponic or aeroponic systems. Plants are bathed in white and purple LED lights to maximize photosynthesis. Owners of vertical farms once talked about their industry in almost messianic terms, as a climate-friendly solution to the ills they said plagued modern farming: pesticide use, water overconsumption, long-distance trucking and labor exploitation. By the late 2010s, Silicon Valley was on board, investing billions of dollars in companies promising to remake agriculture. Now, that venture capital funding has gone up in flames, most prominently the $938 million raised by Bowery Farming and $792 million by AppHarvest, which are out of business. Just three years ago, 23 companies signed on to a Vertical Farming Manifesto and committed to goals like transforming "food systems for the benefit of people and the planet." Today, fewer than 10 are in business. The farms and their investors were not fully prepared for what they would encounter in the agriculture industry, where margins are already thin. New, high-tech vertical farms had to elbow their way into produce markets dominated by extremely efficient traditional farms. Any perceived edge that vertical farms may have had eroded when energy costs rose. Higher interest rates tightened the purse strings of venture capital firms, and made it tougher for farms to get access to cash. "The industry went through a very difficult time," said Omar Asali, whose investment firm One Madison Group invested in Plenty, a vertical farm. "The industry was very ambitious." Vertical farms belong to a broad category of technologies called controlled environment agriculture. Besides vertical farms, the category includes simple wood and plastic structures, standard greenhouses and high-tech greenhouses. The infrastructure costs for vertical farms are enormous - especially compared with how cheap it is to plant a few acres. Many of these businesses spent large sums on warehouses and lights without fully fledged business models. Some had to build their own software and hardware. But they heralded several benefits: requiring 95 percent less water than traditional farms, using no pesticides and producing tastier crops in less time. Vertical farms could be built in cities, near millions of potential customers, increasing shelf life and eliminating most transportation costs. "I would argue vertical farming has done a lot in 10 years, and yet it has also completely failed," said Mike Zelkind, a co-founder of 80 Acres Farms, one of the biggest remaining vertical farm companies. "There was an early notion by V.C.s and tech bros - this idea that you had to immediately take this cheap or free money and you could out-cost traditional farmers," Mr. Zelkind said. "But this is advanced manufacturing," he added. "This is not software." Nona Yehia readily admits that her company, Vertical Harvest, which she helped start in 2010, made plenty of mistakes, like how to manage airflow and humidity. But the reason Vertical Harvest is still around is the scale of those mistakes. "My colleagues and competitors made big mistakes with big money and big farms," she said. "We made small mistakes with small money and small farms." She said the first wave of vertical farms had approached business as if they were huge, established food companies, and not start-ups. Their business plan was "large-scale, commodity lettuce sold into retail at thin margins," she wrote in an email, a difficult proposition against established competition. Last year, Vertical Harvest opened a 50,000-square-foot vertical farm outside Portland, Maine, funded with nearly $50 million in loans guaranteed by the Agriculture Department. Few consumers seek out vertically farmed produce, Ms. Yehia said, so for now, she is targeting a slice of the market - not the mass market. She grows a wide variety of greens, selling to schools and hospitals in addition to local grocers. Plenty, which raised nearly $1 billion, was one of those companies that made big mistakes with big money. In addition to One Madison, its investors included SoftBank, Walmart and Jeff Bezos. Plenty filed for Chapter 11 bankruptcy protection in 2025, with more than $100 million in liabilities, but emerged from it with a new business model. "Part of what you saw with the industry evolution was a little bit of a shakeout in whose technology could actually produce a crop that the market needed and wanted," said Dan Malech, Plenty's chief executive. Plenty, like many others, began with lettuce because it was easy to grow and commanded a high price relative to its weight. But Plenty soon learned that the market was well supplied with lettuce. "How much of a premium lettuce product the market is actually interested in" is an open question, Mr. Malech said. Plenty closed farms and has pivoted its sole remaining farm, in Virginia, to strawberries. It has a partnership with the berry giant Driscoll's, which distributes its strawberries to restaurants and in higher-end stores. Rather than attack conventional farms head-on, as it did a decade ago, Plenty is starting with customers willing to pay more for a tastier strawberry. While vertical farming businesses have not fared as well as expected, high-tech greenhouses are flourishing. Using many of the same technologies as vertical farms, greenhouses grow food in a single layer and rely on the sun for photosynthesis. More than half the tomatoes consumed in the United States are grown in greenhouses, for instance, according to data on grocery stores from Nielsen. "What Gotham Greens can grow in about one acre of our greenhouse we believe would require about 30 acres out in the field," said Viraj Puri, a co-founder of Gotham Greens. His high-tech greenhouse company started on a rooftop in Brooklyn and now grows romaine lettuce, arugula and other leafy greens. In the United States, most leafy greens are grown in the California region of Salinas Valley, which has abundant water and sunlight, good soil and access to low-paid migrant farmworkers. But Mr. Puri thought there was a path for greenhouses to challenge conventional agriculture because of cost pressures and environmental degradation. A site operated by AppHarvest in 2021 in Morehead, Ky. The company, which had raised $792 million in venture capital funding, is now out of business.Credit...Luke Sharrett for The New York Times Whether such a path still exists for vertical farms is an open question. Mr. Zelkind of 80 Acres Farms, one of the industry's few mainstream players that has farms in several states and distributes its greens and salad kits across the country, said that his farms were profitable, but that his company was not once you take into account administrative and other centralized costs. He said that vertical farming would not replace conventional farming, but that it would develop to produce the highest-value and most perishable produce. He added that he thought placing vertical farms next to, or inside, regional grocery distribution centers made sense, and that companies would pay a premium for the supply chain and off-season flexibility vertical farms provided in an increasingly fragmented world. But the industry is reminded of its fragility daily. AeroFarms, which raised more than $300 million, said in December that its largest investor had withdrawn funding and that it would close. It obtained temporary financing, and has since told city officials in Danville, Va., where it is based, that it has a nonbinding letter of intent to sell the company, but still could shut down this month. AeroFarms did not respond to requests for comment. Even vertical farm evangelists, then, may need to fall back on a big-picture argument for its utility to the American food system, rather than on any individual company's succeeding. "Whether there will be any current survivors, or the industry will be built on the boneyard of the pioneers, there is value there," Mr. Zelkind said. Kevin Draper is a business correspondent covering the agriculture industry. He can be reached at [email protected] or [email protected].
Meanwhile vertical farming company Plenty filed for bankruptcy after raising nearly $1 billion, and Brazilian group JBS acquired The Vegetarian Butcher from Unilever.
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Industries
Company Size
201-500
Company Stage
Series E
Total Funding
$941M
Headquarters
South San Francisco, CA
Founded
2013
Find jobs on Simplify and start your career today
We update Plenty's jobs every few hours, so check again soon!Browse all jobs