{"id":77,"date":"2024-06-03T10:11:33","date_gmt":"2024-06-03T10:11:33","guid":{"rendered":"https:\/\/ksa.fintechnews.media\/?p=77"},"modified":"2025-02-17T19:37:50","modified_gmt":"2025-02-17T16:37:50","slug":"saudi-based-agritech-startup-iyris-secures-16-million-in-series-a-funding","status":"publish","type":"post","link":"https:\/\/ksa.fintechnews.media\/?p=77","title":{"rendered":"Saudi-based Agritech Startup Iyris Secures $16 Million in Series A Funding"},"content":{"rendered":"\r\n<p class=\"wp-block-paragraph\"><a href=\"http:\/\/iyris.com\" rel=\"nofollow noopener\" target=\"_blank\">Iyris<\/a>, a Saudi Arabia-based agritech startup, has secured $16 million in a Series A funding round led by the <a href=\"https:\/\/eif.vc\/\" rel=\"nofollow noopener\" target=\"_blank\">Ecosystem Integrity Fund (EIF)<\/a>. The company, founded in 2018 by \u00a0<a href=\"https:\/\/www.linkedin.com\/in\/ACoAABL71MIB16HiwNPEK5vsL9HQiud2DL4M3sw\" rel=\"nofollow noopener\" target=\"_blank\">Ryan Lefers<\/a>,\u00a0<a href=\"https:\/\/www.linkedin.com\/in\/ACoAAAQHOH0BRqZYmD3q37HUyExtfEztP8jZuV4\" rel=\"nofollow noopener\" target=\"_blank\">Derya Baran<\/a>, and Mark Tester, aims to enhance global crop yields through innovative solutions such as greenhouse covers, nets, and advanced plant genetics.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Formerly known as RedSea, <a href=\"http:\/\/iyris.com\" rel=\"nofollow noopener\" target=\"_blank\">Iyris<\/a> focuses on addressing global food security challenges while minimizing the environmental impact of farming. The new funding will bolster the startup&#8217;s international sales pipeline for its flagship products, including the SecondSky greenhouse covers and nets. These products are designed to extend growing seasons in regions with challenging environmental conditions.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">\u201cThere are few problems more challenging than feeding the world sustainably,\u201d said John Keppler, Executive Chairperson of Iyris. \u201cIyris is assembling the necessary toolkit to help farmers improve crop yields with fewer resources, making it easier for farmers to grow fresh produce in increasingly difficult climates.\u201d<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">The technology behind Iyris was originally developed by scientists at the <a href=\"https:\/\/www.kaust.edu.sa\/en\/\" rel=\"nofollow noopener\" target=\"_blank\">King Abdullah University of Science and Technology (KAUST)<\/a> in Saudi Arabia. This innovation aims to transform domestic agriculture in a region where climate change and extreme heat severely limit sustainable growth.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">As agricultural companies in the region grapple with environmental challenges, innovative solutions are emerging. For instance, in Dubai, ReFarms is establishing the world\u2019s largest vertical farm, an indoor fresh food factory utilizing LEDs and recycled waste products to reduce operational costs and enhance efficiency in the UAE\u2019s harsh climate.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">With the new funding,<a href=\"http:\/\/iyris.com\" rel=\"nofollow noopener\" target=\"_blank\"> Iyris<\/a> is poised to expand its impact, providing farmers globally with the tools needed to sustainably increase their yields and ensure food security in the face of growing environmental challenges.<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Iyris, a Saudi Arabia-based agritech startup, has secured $16 million in a Series A funding round led by the Ecosystem Integrity Fund (EIF). The company, founded in 2018 by &nbsp;Ryan Lefers,&nbsp;Derya Baran, and Mark Tester, aims to enhance global crop yields through innovative solutions such as greenhouse covers, nets, and advanced plant genetics. Formerly known [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":78,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[2],"tags":[62,61,9,28,6,64,60,63],"class_list":["post","format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=\/wp\/v2\/posts\/77","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=77"}],"version-history":[{"count":3,"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=\/wp\/v2\/posts\/77\/revisions"}],"predecessor-version":[{"id":2420,"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=\/wp\/v2\/posts\/77\/revisions\/2420"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=\/wp\/v2\/media\/78"}],"wp:attachment":[{"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}