Singapore-based agtech start-up Inari has secured $89m in a series C funding round for its seed gene-editing business. The company plans to launch its products in 2021, utilising techniques such as CRISPR to develop desirable crop traits based on genetic data about how genes interact with the environment. While Inari has its sights set on creating corn, soyabean, wheat and tomatoes with higher yields using less water and fertiliser, the technology's possible uses stretch to any number of crops. The 2016-founded firm, which has raised $144m to date, intends to work with seed companies, rather than selling directly to farmers.
Massachusetts-based agtech start-up Inari has secured $89m in a series C funding round for its seed gene-editing business. The company plans to launch its products in 2021, utilising techniques such as CRISPR to develop desirable crop traits based on genetic data about how genes interact with the environment. While Inari has its sights set on creating corn, soyabean, wheat and tomatoes with higher yields using less water and fertiliser, the technology's possible uses stretch to any number of crops. The 2016-founded firm, which has raised $144m to date, intends to work with seed companies, rather than selling directly to farmers.