Agroz IPO: £73M AI-Driven Vertical Farming Lists on Nasdaq

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• Agroz, an AI-powered vertical farming company valued at £73 million, has officially launched its initial public offering (IPO) on the Nasdaq stock exchange.
• The firm integrates artificial intelligence, robotics, and data analytics to optimise crop growth, energy use, and resource efficiency in controlled environments.
• Funds raised from the IPO will support global expansion and further development of Agroz’s smart farming technologies.
• The listing marks a major milestone for the agri-tech sector, highlighting investor confidence in sustainable, technology-driven food production.

Malaysia-based Agroz, a trailblazer in vertical farming, has filed for a £7.7 million initial public offering on Nasdaq, trading as AGRZ.

The firm aims to issue 2.5 million shares at £3.10 each, valuing the company at roughly £73 million. This move highlights surging interest in controlled environment agriculture (CEA) as a sustainable fix for global food security woes.

Launched in 2020 and based in Petaling Jaya, Agroz designs, builds, and runs high tech indoor farms that churn out pesticide free vegetables.

Unlike traditional farming, reliant on good weather and fertile soil, Agroz uses artificial intelligence, IoT sensors, and renewable energy to ensure year-round harvests. Its income, £3.8 million for the year ending June 2024 comes from building farms, managing operations, and selling produce directly.

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At the heart of Agroz’s tech is its Agroz Farm Operating System (Agroz OS), a digital platform that streamlines farm management by linking operational and IT systems.

Its new Agroz Copilot for Farmers, built with Microsoft’s Azure OpenAI Service, helps growers monitor crops, tweak conditions, and boost yield forecasts, aligning with Agroz’s goal to digitise and democratise precision farming.

Agroz is expanding its Farming-as-a-Service (FaaS) model into Indonesia, Thailand, and the Middle East, where erratic climates and urban sprawl fuel demand for efficient, local food production. By partnering with governments and businesses, Agroz delivers turnkey farming solutions, slashing water and land use by up to 90% compared to traditional methods.

Founder Gerard Lim says Agroz OS and Copilot merge agronomy with data science, cutting waste and boosting reliability.

With CEA tipped to grow over 20% annually until 2030, the IPO, backed by Tiger Brokers, offers investors a chance to back this high-growth sector. However, profitability remains a hurdle, given Agroz’s capital-heavy phase.

The Nasdaq listing will fund regional growth and AI advancements, potentially boosting Southeast Asia’s agtech scene. Agroz’s journey will be one to watch as it scales cutting-edge farming across diverse markets.