SAN FRANCISCO (Dec 13): Bowery Farming Inc, a two-year-old startup that uses robotics to cultivate crops indoors, is on track for more growth.

The New York-based company plans to announce on Wednesday that it raised US$90 million ($123.4 million) from investors including Alphabet Inc's GV and Uber Chief Executive Officer Dara Khosrowshahi, said Bowery's co-founder and CEO, Irving Fain. The company declined to provide its valuation.

Bowery is part of a new crop of agriculture technology startups growing leafy greens in controlled environments near cities. Last year, Plenty, a San Francisco-based vertical farming company, raised US$200 million from the Japanese conglomerate SoftBank Group Corp's Vision Fund.

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