WEST LAFAYETTE, Ind. — Indiana Gov. Eric Holcomb stopped in West Lafayette Wednesday to congratulate a seed gene-editing company that continues to grow in this Central Indiana soil.
Inari, the SEEDesignTM company, announced a strategic collaboration with Mertec, LLC and M.S. Technologies, LLC that enables access to a genetic base from Stine’s industry-leading soybean breeding program to accelerate the development of unique and competitive products.
Inari and Beck’s Announce Strategic Collaboration to Accelerate Farmer Access to Gene Editing Innovation
CAMBRIDGE, Mass., and ATLANTA, Ind. – May 18, 2021 – Inari, the SEEDesign™ company, and Beck’s, the largest family-owned, retail seed company and the third largest seed brand in the United States, have announced a business and R&D collaboration – reinforcing their respective missions to provide more diverse, sustainable and competitive choices for farmers. The combination of Inari’s novel predictive design and advanced multiplex gene […]
Cambridge-based Inari Agriculture Inc., which has 75 employees in the Bay State, said it raised $208 million. New investors included San Francisco-based G Squared, one of the backers of Boston-based Toast Inc., and Pavilion Capital.
Inari, a startup specializing in seed technology, has reached a $1.2 billion valuation after raising $208 million in fresh financing.
Inari announced today it has raised $208 million in the successful completion of its latest fundraise, bringing its cumulative equity raised to more than $352 million. With strong support from existing and new investors, Inari will use the funds to advance its mission to restore diversity in food by unlocking the full potential of seed to sustainably transform the global food system.
Inari, the biotech SEEDesign™ company, has appointed Dr. Sophie Vandebroek to its board of directors. Vandebroek is a seasoned C-level executive with broad technology experience, including as chief operating officer of IBM Research and chief technology officer of Xerox Corporation. She recently founded Strategic Vision Ventures, a strategic advisory firm, where she shares her expertise in developing innovative concepts from fundamental research to commercial offerings.
Modern agriculture is an incredible success story, with each advancement enhancing human nutrition or aiding food security. Unfortunately, success is sometimes accompanied by unintentional side effects. In its current form, our food production system demands that nearly 50% of Earth’s habitable land be put under cultivation, using more natural resources than we could ever replace and contributing significantly to greenhouse gas emissions.
Inari, a biotech seed company, today announced that Bob Bechek has been appointed to its board of directors. Bechek is a partner and former worldwide managing director (CEO) and board chair of consulting firm Bain & Company. His appointment, effective Jan. 1, 2021, brings the Inari board to seven members.
Agriculture is one of the most inefficient industries on the planet. Current industrial farming methods demand unsustainable amounts of water, fertilizer, and land. This demand will only intensify as our global population climbs towards 10 billion by 2050. To sustainably feed our world, we need a second agricultural revolution.
Inari Scientific Strategy Board Member, CRISPR-Cas Pioneer Jennifer Doudna Receives Nobel Prize in Chemistry
Inari scientific strategy board member Jennifer Doudna has been awarded the Nobel Prize in Chemistry for her work to identify and develop CRISPR-Cas9. CRISPR is the revolutionary genome editing tool with enormous potential across agriculture and other areas of bioscience.
Looking back over the past several decades, Ponsi Trivisvavet says genetic improvement has added less than 1% yield improvement per year for corn. She believes genetic improvement will have to occur much faster to meet expected future global demand for food and address the impact of climate change on farming.
Ponsi Trivisvavet, CEO, attended the 2020 World Economic Forum Annual Meeting in Davos representing Inari as a 2019 Technology Pioneer – an exclusive group recognized for the potential to “transform their industries.”
In a world where women too often believe they aren’t qualified to take on a job that is challenging or at a higher level, Catherine Feuillet’s passion for pushing new frontiers, challenging herself, and building something that could benefit others has always propelled her forward.
Inari, the next-generation seed company, today announced the closing of its $89 million Series C financing, bringing the company’s total funding to date to $144 million. Flagship Pioneering, which founded Inari in 2016 to challenge the economic and environmental realities of modern agriculture, was joined in the funding round by Investment Corporation of Dubai (ICD), global Asian-based investor EDBI and Acre Venture Partners as well as other investors.
Inari, a company developing seeds that improve the economic and environmental realities of production agriculture, has been chosen as a 2019 Technology Pioneer by the World Economic Forum. Inari partners with independent seed producers, using its unique computational and genetic toolbox to introduce high performing plant varieties that address farming challenges.
Inari CEO Ponsi Trivisvavet was among a select group of agribusiness executives invited to meet earlier this month with USDA Secretary Sonny Perdue at the home of Purdue University President Mitch Daniels. Read on for Ponsi’s take on what was later discussed on the topic of gene editing and the secretary’s stance regarding recent advances in plant science.
This month, Inari announced an exclusive patent licensing agreement for epigenetics technology through the University of California, Los Angeles (UCLA). The license, based on discoveries by UCLA Professor Steve Jacobsen, a scientific co-founder of Inari, provides the company with a portfolio of powerful new tools that could dramatically improve field performance and confer other beneficial characteristics to crops.
UCLA biologist Steve Jacobsen’s research has the potential to have a significant impact on the improvement of crops.
Jacobsen, who is a professor of molecular, cell and developmental biology, specializes in plant epigenetics—the study of how a gene’s function can change without changes to the DNA sequence—and his research could lead to more resilient crops.
Inari, a company that is revolutionizing plant breeding by tapping natural genetic diversity, announced it has secured exclusive patent licenses for epigenetics from the University of California, Los Angeles (UCLA). The agreement, through UCLA’s Technology Development Group, gives Inari access to tools that will positively influence crop performance without altering a plant’s genetic code.
Inari, a company revolutionizing plant breeding by tapping intonatural genetic diversity, today expands its research footprint to Europe, with the opening of a laboratoryin Ghent, Belgium. The launch represents the company’s first expansion outside of the United States andprovides Inari access to advanced resources and talent in one of the world’s premier hubs for plantresearch.
What if a seed developer could divide the time it takes to develop an improved plant by three and the cost by 10? That’s the goal of Inari, an innovative startup that has opened a new on-the-ground breeding facility at Purdue (University) Research Park as part of a major Midwest expansion. Farm Progress caught up with Mark Stowers, senior vice president of operations and products, while he was standing in new office space for the facility to talk about Inari, and its new product — the Seed Foundry.
Rise to the challenge. It’s in our DNA at Inari, and it was also the theme of the Borlaug Dialogue at this year’s World Food Prize. I was thrilled to participate with fellow agriculture startup leaders, as we spoke about our roles in rising to the challenges facing agriculture today and in the future.
When we started in 2005, only a handful of enthusiasts in the room, many thought this it too complicated, too expensive and too long to achieve. This was all the more reason to persevere, plus so much was at stake. Wheat feeds 30% of the world population, and that is what matters! Now, we have a “dictionary” to understand the genome sequence of wheat, an encyclopedic listing of every element within wheat and an invaluable tool to understand how they interact to enable wheat to grow and produce the grain that is so indispensable to humanity.
Inari Secures $40 Million in Series B Funding to Expand its Development of Transformational Plant Breeding Technologies
Inari, a transformational plant breeding technology company with a mission to transform agriculture and positively impact society and the environment, announced today it has completed a $40 million Series B financing round, bringing its total funding to $55 million. Inari was founded in 2016 by Flagship Pioneering, which led and capitalized the company before spinning it out in 2018. Acre Venture Partners and Alexandria Venture Investments joined Flagship in this financing.
The company describes itself as a plant breeding technology company aiming to “transform plant breeding to significantly reduce time and cost by applying cutting-edge biological and data sciences.” The startup told AgFunderNews it will be using gene editing technology, including CRISPR Cas-9; it has CRISPR Cas-9’s inventor Jennifer Doudna on its board of directors.
The seeds farmers plant in their fields can carry certain desirable traits, such as drought tolerance or pest resistance. Breeding or genetic engineering can produce such traits, but ag biotech startup Inari Agriculture aims to take trait development to a new level—customizing seeds to grow best in the soil and weather at the farm where they’ll be planted.
We continue to question, every day, not only the existing science in Ag Tech today, but also the mindset of the industry itself: how things are done, how companies are managed and how they could be improved. What we’ve attained is a dynamic group of folks from all walks of life, from all over the world, looking for something different. They have created a unique culture that brings us to work every day with smiles on our faces and a shared purpose.
It took thousands of years for humans to breed a pea-sized fruit into a beautiful beefsteak tomato. Now, with gene editing, scientists can change everything.