Optimal Labs
AI-powered operating platform optimizing greenhouse performance.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor | €0.0 | round |
| investor investor | €0.0 | round | |
£1.3m | Grant | ||
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 36 % | 27 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Optimal Labs, founded in 2021 by David Chen, provides an advanced AI-powered operating platform for high-tech greenhouses. The company aims to enhance agricultural sustainability and food system resilience against climate change by increasing yield and produce quality while minimizing costs and resource usage. The founder, David Chen, has a background that includes experience at Palantir, focusing on data integration and analysis, and at Goldman Sachs in its investment banking division. His co-founder has a background in the youth Olympics and reinforcement learning research, bringing a focus on nutrition for performance.
The company operates on a business-to-business (B2B), software-as-a-service (SaaS) model, targeting greenhouse growers. Its core product is an AI platform that simulates the entire greenhouse environment to understand the impact of decisions before they are made. This technology integrates with and controls climate, irrigation, and dynamic lighting systems to automate and optimize growing strategies 24/7. By analyzing real-time data, the platform helps to increase yield by over 10%, reduce energy usage by more than 25%, and minimize CO2 consumption. A partnership with Sollum Technologies allows for the integration of dynamic LED lighting, giving the AI another lever to adjust in real-time to balance climate and irrigation.
Optimal Labs has received backing from prominent investors in the deep technology space, including Founders Fund, Acequia Capital, Backed VC, and Entrepreneur First. Notable individual investors include Edward Grefenstette, Director of AI Research at Google DeepMind, and Charlie Songhurst, a board director at Meta. The company is headquartered in London, United Kingdom.
Keywords: greenhouse automation, AI agriculture platform, climate control systems, irrigation control, agritech, sustainable agriculture, controlled environment agriculture, food system resilience, deep tech, SaaS, B2B, yield optimization, energy efficiency, crop management, precision agriculture, smart farming, venture capital, Founders Fund, indoor farming, horticultural technology