N.Thing secures a strategic investment from DeepStone Investment to enhance its smart farming solutions and expand its business in response to global food security challenges.

Target Company Overview

N.Thing, a leading company specializing in smart farming and vertical farming technologies, recently announced its strategic investment from DeepStone Investment on the 14th. The financial details of this investment have not been disclosed. The two parties have signed an investment agreement that outlines a collaborative effort to support startups in the SDGs Tech sector.

Established in 2014, N.Thing develops and operates advanced IoT-based modular vertical farming solutions that integrate IT and data. The company operates two primary divisions: a fresh business unit that supplies salad vegetables and herbs grown in its vertical farms, and a technology business unit that provides modular vertical farming solutions. N.Thing is renowned for developing the world’s first modular smart farm, named CUBE, which allows for organic connectivity. The company was notably awarded the Best Innovation Award at CES 2020, marking a significant recognition of its technology in the agricultural sector.

Industry Overview in South Korea

The vertical farming industry is witnessing a remarkable growth trend in South Korea, driven by increasing urbanization and the need for sustainable food production methods. In a landscape marked by climate variations, such as extreme heat, heavy rainfall, and