Alexander Olesen, Co-Founder & CEO

Alexander Olesen

Co-Founder & CEO, Babylon

We are developing an On-Demand Farming Service to support a distributed network of Micro-Farms that allow businesses to vertically integrate their supply chain and save money by growing the highest-quality fresh produce on-site. We leverage a patented IoT platform to remotely manage indoor farms and our hydroponic methods can grow a variety of leafy greens, herbs, flowers and fruits using 90% less water, 2x faster than conventional methods without the use of pesticides or chemicals. The networked effect of our technology-enabled business model creates a high-margin recurring revenue stream without the liability of owning or operating a farm. We have been piloting our products in the field since 2017, and we now have paying customers on 24-month contracts generating consistent recurring revenue. Our distributed approach to indoor farming can work within existing infrastructure allowing it to scale much faster than the current purpose-built indoor farms at a fraction of the upfront cost without compromising on the quality of the produce.