Inari, a Cambridge, Mass.-based deveoper of a platform to enable yield increase, raised $208m in Series D funding.
The round, which brought cumulative equity raised to more than $352m, was co-led by Flagship Pioneering with participation from Alexandria Venture Investments, Investment Corporation of Dubai, Banque Pictet on behalf of their clients and Rivas Capital and new investors G Squared and Pavilion Capital.
The company intends to use the funds to further accelerate advancements across its science platform and product development for corn and soybeans in both North and South America.
Led by CEO Ponsi Trivisvavet, Inari has developed a platform which uses predictive design to create a deep understanding of the genes through artificial intelligence and to build blueprints for its combination of gene editing tools that enable multiple edits within a single genome. These edits help create seed that increases yield while reducing the footprint of agriculture. This approach helps advance products to market in less time and with less expense than the industry norm.
Founded by Flagship Pioneering in 2016, Inari is based in Cambridge, Massachusetts, with additional sites in West Lafayette, Indiana, and Ghent, Belgium.
Ther company has a team of more than 180 employees.