Iyris, a Saudi Arabia-based AgriClimate technology company, raised $16M in Series a funding.
The round was led by Ecosystem Integrity Fund, with participation from Global Ventures, Dubai Future District Fund, Kanoo Ventures, Globivest and Bonaventure Capital.
The company intends to use the funds to increase sales coverage and the delivery of its international sales pipeline for SecondSky greenhouse covers and nets.
Founded by Ryan Lefers, Derya Baran and Mark Tester, Iyris provides SecondSky, an agricultural technology solution specifically designed to optimize greenhouse covers. Developed through extensive research and collaboration, it leverages innovative nanocomposite additives, which are strategically engineered to enhance light transmission while effectively mitigating the harmful effects of near-infrared radiation.Ā This technology ensures optimal growing conditions for crops and promotes sustainable farming practices by conserving resources and improving crop resilience.
FinSMEs
03/05/2024