Thursday, April 18, 2024
HomeFunding MA-based Inari Secures $103Million Funding

[Funding alert] MA-based Inari Secures $103Million Funding

MA-based Inari secures $103million funding. The successful investment round signals confidence in Inari’s ability to develop and commercialize higher-yielding seeds that require fewer resources, using AI-powered predictive design and multiplex gene editing.

MA-based Inari secures $103million funding. The successful investment round signals confidence in Inari’s ability to develop and commercialize higher-yielding seeds that require fewer resources, using AI-powered predictive design and multiplex gene editing.

Read also – CA-based Portal Secures $34Million in Seed Funding

The fundraise received strong support from existing investors, including Hanwha Impact, Canada Pension Plan Investment Board (CPP Investments), Rivas Capital, NGS Super, State of Michigan Retirement System and company founder Flagship Pioneering. The company also welcomed several new investors including RCM Private Markets fund, advised by Rokos Capital Management (US) LP.

Inari CEO Ponsi Trivisvavet said, “These investments represent further external validation of Inari’s innovative technology and confidence in our creation of significant economic and environmental value by delivering our breakthrough, nature-positive products to seed customers,”.

Hanwha Impact spokesperson said, “Inari’s cutting-edge technology platform, combined with a winning commercial model, mean that it is ideally placed to deliver significant value and help create a truly sustainable future for agriculture,”.

Added Stephen Berenson, Flagship Pioneering Managing Partner: “This successful fundraise reflects continued confidence in the company’s ability to deliver on its nature-positive vision. I’m also incredibly enthusiastic about my upcoming appointment to the Inari board, and I look forward to working with the company to drive even greater impact and value.”

About Inari

Inari, the SEEDesign™ company, develops seeds that address the world’s needs, pushing the boundaries of what is possible for a more sustainable, nature-positive food system. Through a combination of AI-powered predictive design and a pioneered multiplex gene editing toolbox, the company is unlocking the full potential of seed to bring step-change soybean, corn and wheat products to market.

Read also – FL-based Kore.ai Secures $150Million in Funding

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular