Agroz Inc, a Malaysian agricultural technology company, has successfully listed on Nasdaq, marking a significant step in its mission to enhance food security through advanced vertical farming technology. The listing, facilitated by VCI Global Limited’s capital advisory arm, V Capital Consulting Group, begins trading today, reinforcing VCI Global’s leadership in cross-border capital markets.
Agroz is pioneering the use of its proprietary Agroz Farm Operating System (Agroz OS), which integrates IoT data analytics, 5G communications, and automated hardware to optimise controlled-environment agriculture. Built on Microsoft Azure Cloud and AI, the system aims to streamline farm operations and enhance scalability. Agroz’s technology is operational in two vertical farms in Malaysia, including the nation’s largest indoor vertical farm, and delivers pesticide-free produce through a partnership with AEON Co. M Berhad.
Gerard Lim Kim Meng, CEO of Agroz, stated, “Agroz’s Nasdaq listing is more than a financial milestone; it marks the start of our global journey to transform agriculture through AI and advanced vertical farming technologies.”
The successful IPO, which has raised over $23m for clients and generated $20m in advisory fees, highlights VCI Global’s effective AI-driven capital markets advisory model. Vivian Yong, CEO of V Capital Consulting Group, noted, “VCCG is setting a new standard in connecting Southeast Asia’s most innovative companies with Wall Street growth capital.”
Agroz’s listing not only signifies a financial achievement but also sets the stage for the company’s global expansion, aiming to deliver sustainable and safe produce worldwide.
