From Los Angeles Business Journal · Hannah Welk · · 1m 10s
Loamy Tech Secures $6M Seed Funding
Loamy Technologies, a food supply chain startup, secured $6 million in seed funding to improve crop viability predictions using AI.
In brief
Loamy Technologies, a food supply chain startup, secured $6 million in seed funding to improve crop viability predictions using AI. Loamy Technologies raised $6 million in seed funding to use AI and data for predicting crop viability and reducing food waste. Originally reported by Los Angeles Business Journal.
Loamy Technologies Launch
Loamy Technologies Inc. is a Playa Vista-based food supply chain management platform founded by Charles Julius.
Seed Funding Round
Loamy Technologies raised $6 million in seed funding led by Zeal Capital Partners with Amplify.LA and Supply Change Capital.
AI for Crop Viability
Loamy uses AI, field data, and satellite imagery to predict crop yield and meet grocery store standards.
Food Supply Challenges
Perishable food must meet strict traceability and quality standards to avoid being discarded by retailers.
Startup Success
Loamy has grown revenue 30 times year over year while most food startups shuttered due to high fixed costs.
Farmer Benefits
Farmers can redirect produce to other customers when crops fail to meet grocery store standards using Loamy's platform.
Funding Details
Loamy has raised a total of $10 million since its 2024 founding, with $6 million from the latest seed round.
In short
Loamy Technologies raised $6 million in seed funding to use AI and data for predicting crop viability and reducing food waste.
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