Inari, a startup specializing in seed technology, has reached a $1.2 billion valuation after raising $208 million in fresh financing.
The Cambridge, Massachusetts-based company’s funding round was co-led by Flagship Pioneering, which founded the firm. New investors included G Squared and Pavilion Capital, while participating existing backers include Alexandria Venture Investments, Investment Corp. of Dubai, Rivas Capital and Banque Pictet, on behalf of its clients.
Inari aims to make food production more sustainable, using gene-edited seeds to enhance crop yield while requiring less fertilizer and water. The funding will be used to accelerate development of its existing corn and soybean platform; expand into new crops, such as wheat; and grow in markets outside North and South America, Inari CEO Ponsi Trivisvavet said in an interview.
For the second consecutive year, Inari was named the Overall AgTech Company of the Year in the annual AgTech Breakthrough Awards. The recognition comes from AgTech Breakthrough, a leading market…
Hannah Pham, Inari science portfolio and platform manager, has been named one of Seed World’s 2023 Top 10 Next Generation Leaders. The annual program recognizes leaders across the seed industry…
Inari CEO Ponsi Trivisvavet has been named one of Carnegie Corporation of New York’s 2023 Great Immigrants. The annual Great Immigrants list celebrates the contributions of immigrants to American life….