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Inari Raises $124 Million To Design Seeds For A More Sustainable Food System

PRIVATEOct 04, 2022

Amount Raised

$124 Million

Round Type

Seed

CambridgeBiotechnologyAgriculture and FarmingArtificial IntelligenceFood And BeverageMachine Learning

Description

Inari today announced that it secured $124 million in the successful completion of its latest fundraise. Working to deliver nature-positive solutions, the SEEDesignTM company's cumulative equity raised now totals $475 million. The investment will further advance Inari's leading position in multiplex gene-edited seed technology, support expansion of company product development and ultimately deliver new value in the commercial seed market.

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Company Information

Company

Inari

Location

1 Kendall Square, Building 600/700, Suite 7-501

Cambridge, Massachusetts, United States

About

Inari, the SEEDesign™ company, develops seeds that address the world's needs, pushing the boundaries of what is possible for a more sustainable, nature-positive food system. Through a combination of AI-powered predictive design and a pioneered multiplex gene editing toolbox, the company is unlocking the full potential of seed to bring step-change soybean, corn and wheat products to market. Founded by Flagship Pioneering in 2016, Inari is based in Cambridge, Mass., with additional sites in West Lafayette, Ind., and Ghent, Belgium. Inari is a growing team of more than 300 employees working to solve the critical issues of food security and sustainability.

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Inari raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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