Iyris, an AgriClimate technology company headquartered in Saudi Arabia, has successfully secured $16 million in series A.
Global Ventures, Dubai Future District Fund, Kanoo Ventures, Globivest, and Bonaventure Capital also contributed to the round, which was led by Ecosystem Integrity Fund.
The company plans to allocate the funds towards expanding its sales reach and fulfilling the orders in its global sales pipeline for SecondSky greenhouse covers and netting.
Iyris, an agricultural technology solution pioneered by Ryan Lefers, Derya Baran, and Mark Tester, offers SecondSky, a tailored solution for optimizing greenhouse covers.
The product was created via collaborative efforts and thorough research. It makes use of novel nanocomposite additives that have been purposefully designed to improve light transmission while efficiently reducing the detrimental impacts of near-infrared radiation.
By preserving resources and enhancing crop resilience, this technology promotes sustainable agricultural practices and guarantees ideal growing conditions for crops.