FIRMMIT

FIRMMIT is a leading agriculture startup based in Korea South, founded in 2017. The company's slogan "We lead agriculture in Korea" reflects its ambition to revolutionize the agricultural industry in the region.

The firm focuses on addressing the challenges faced by domestic smart farms, such as high costs, lack of standardization, and insufficient data. With over 270 smart farm construction experiences, FIRMMIT has developed standardized smart farms and established a robust system by collecting data from approximately 120 leading farms. Moreover, the company is pioneering an innovative agriculture platform tailored for farmers, aiming to open up boundless opportunities in agriculture.

FIRMMIT emphasizes its hands-on approach to agriculture by operating its own farms to optimize methods and integrating ICT to develop smart farms. The company conducts research in both outdoor and indoor farming, striving to create agricultural practices that can adapt to climate change and overcome challenging environments.

The recent milestone for FIRMMIT was the KRW1.00B Seed Round investment on 17 May 2021, with participation from major investors including Bigbang Angels, Korean Investment Partners, and Hitejinro Co. The significant investment reflects the potential and confidence in the company's growth, especially considering the promising forecast for the global smart agriculture market, which is expected to reach approximately 25 trillion by 2026, with the domestic market expanding from around 220 billion in 2020 to an estimated 580 billion by 2026. Additionally, in the wake of the COVID-19 pandemic, indoor farming has garnered attention as a viable alternative to secure food supply chains, a trend that FIRMMIT aims to lead with its agricultural technological expertise.