AlleyWatch, the largest organization focused on NYC Tech, celebrates the work of the individuals that serve as a catalyst for innovation within the NYC Tech ecosystem.
MEET THE 2019 NYC TECH INFLUENCERS
In the startup world, we often talk about addressing problems and total addressable markets. As the global population grows, we'll need to produce more food to feed people in the next forty years than has been produced in the last 10,000. Current industrial farming practices will not be able to support this growth sustainably.
Irving Fain, the cofounder and CEO of Bowery, is tackling this problem through its modern farming company that provides fresh food to urban environments.
Operating a number of commercial indoor farms, Bowery has combined software, robotics, AI, and automation to create precision-controlled conditions for its farms that are more ecologically friendly using 95% less water and 100x more productive than the same land footprint of traditional agriculture. The company's produce is currently available in certain locations of Whole Foods, sweetgreen, Dig Inn, and also featured on the menus of some of NYC's finest restaurants. Under Fain's leadership and on a mission to redefine modern agriculture, Bowery is backed by prominent investors including GV, Temasek, General Catalyst, and GGV Capital and has raised $117.5M in funding.
Prior to Bowery Farming, Fain was the cofounder and CEO of CrowdTwist, a venture-backed loyalty marketing engagement platform used by Fortune 100 companies. Crowdtwist was a participant in TechStars' first NYC program in 2011. Before that Fain spent four years at iHeartMedia where he ran product and marketing.
A graduate of Brown University, Fain started his career as an Investment Banker at Citi. Fain serves as an advisor to several NYC startups and served as a mentor to the Cornell Tech Startup Studio.