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Cambridge, Mass.-based Inari uses artificial intelligence to speed up plant breeding and gene editing to create high-yielding, climate resilient seeds for crops such as soybean, corn and wheat. The wheat genome, for example, contains about 120,000 genes—six times the genes in the human genome, according to Inari.
The fresh equity capital will boost Inari’s capacity to supply its seeds, which it says require less water and fertilizer and boost crop yields as much as 20%, to seed companies in the US and abroad.
“We aim to achieve our vision of a sustainable food system by designing seeds that support a thriving planet, food security and farmer well-being,” said Ponsi Trivisvavet of Inari.
The round, which brings Inari’s total equity raised to $720 million, was backed by the State of Michigan Retirement System, Australia’s NGS Super, South Korea’s Hanwha Impact and a subsidiary of the Abu Dhabi Investment Authority.
