Israeli "Vertical Farming" Startup Closes Amid Parent Company Collapse
Vertical Field, an Israeli company that developed "vertical vegetables," is shutting down following the bankruptcy of its American parent company, Kalera. The startup, founded by Ziv Eitan, had previously been acquired by Kalera for $300 million in a secret deal.
Despite the acquisition, Vertical Field faced financial difficulties. Eitan commented on the situation, stating, "I thought it didn't make sense because it wasn't economical in any way, but it was really fun." He also noted, "We had a small, strong team like espresso. But startups sometimes run out of money."
The article also touches upon unrelated topics, including OpenAI's acquisition of Ziv Eitan's startup for $300 million, Donald Trump's stance on AI regulation, and a construction startup called Buildots raising $130 million. Other sections discuss autism in 2025, investment opportunities in Poland, the S&P 500 index, a dollar-shekel exchange rate, and personal investment anecdotes.
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