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 131 days ago
 Source: finsmes.com

Agnetix Raises Seed Funding

Quick Summary

Agnetix, a San Diego, CA-based provider of advanced horticultural lighting and growth technology solutions for commercial indoor growers, closed a seed funding round of undisclosed amount. The round included a diverse group of private and institutional partners. The company intends to use the funds to accelerate growth initiatives including team expansion, supply chain capabilities and R&D efforts to further develop the hardware, software and data technology platforms. Led by Co-Founder and Chief Technology Officer, Ihor Lys, PhD., Agnetix provides advanced LED lighting technology solutions for cannabis and agricultural production that includes a liquid-cooled LED grow lighting platform, designed to reduce operational energy costs and improve crop yield. The lighting system is further enhanced with patented data capturing and control capabilities that deliver predictability and mitigate risks for cultivators.

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