StoryFunding
Inari raises $144M in new funding
Inari raised $144 million with a subsidiary of Abu Dhabi Investment Authority as new investor and Flagship Pioneering returning, bringing cumulative equity above $720 million. The company uses AI-guided design and multiplex gene editing to develop seed improvements for large-acre crops including soybeans, corn and wheat, with an asset-light business model supporting rather than competing with seed company customers.
- Cumulative equity raised now exceeds $720 million with this $144 million round
- New investor: Abu Dhabi Investment Authority subsidiary; returning backers include Hanwha Impact, NGS Super, Michigan's state retirement system and Flagship Pioneering
- Technology: AI-powered predictive design paired with multiplex gene editing toolkit enabling step-change outcomes
- Focus: Soybean, corn and wheat seed improvement; asset-light model supports rather than competes with seed company customers