TLDR:
- Iyris, a Saudi Arabia-based AgriClimate technology company, raised $16M in Series A funding.
- The funding round was led by Ecosystem Integrity Fund and included participation from several other venture capital firms.
In a recent development, Iyris, a Saudi Arabia-based AgriClimate technology company, secured a total of $16M in Series A funding. The funding round was spearheaded by Ecosystem Integrity Fund, with contributions from Global Ventures, Dubai Future District Fund, Kanoo Ventures, Globivest, and Bonaventure Capital.
The company, co-founded by Ryan Lefers, Derya Baran, and Mark Tester, specializes in providing SecondSky, an innovative agricultural technology solution aimed at optimizing greenhouse covers. This technology, developed through extensive research and collaboration efforts, utilizes nanocomposite additives to enhance light transmission and mitigate harmful effects of near-infrared radiation. This ensures optimal growing conditions for crops and promotes sustainable farming practices by conserving resources and enhancing crop resilience.
