About iyris
iyris is a company based in Al Ain (United Arab Emirates) founded in 2014 by Derya Baran.. iyris has raised $52.4 million across 6 funding rounds from investors including AppHarvest, Savola Group and King Abdullah University of Science and Technology. iyris offers products and services including SecondSky and Iyris Labs. iyris operates in a competitive market with competitors including Tortuga AgTech, Kheyti, Koidra, Zordi and GrowCo, among others.
- Headquarter Al Ain, United Arab Emirates
- Founders Derya Baran
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Sectors
Agriculture
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$52.4 M (USD)
in 6 rounds
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Latest Funding Round
$16 M (USD), Series A
May 30, 2024
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Investors
AppHarvest
& 13 more
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Employee Count
Employee Count
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Products & Services of iyris
iyris offers a comprehensive portfolio of products and services, including SecondSky and Iyris Labs. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mitigates radiation effects on crops to reduce energy costs.
Serves as an engine for developing agriclimate technologies.
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Funding Insights of iyris
iyris has successfully raised a total of $52.4M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $16 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series A — $16.0M
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First Round
First Round
(19 Sep 2018)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series A - iyris | Valuation | Ecosystem Integrity Fund | |
| Apr, 2022 | Amount | Series A - iyris | Valuation | Wa'ed Ventures | |
| Aug, 2021 | Amount | Seed - iyris | Valuation | Wa'ed Ventures , unknown |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in iyris
iyris has secured backing from 14 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include AppHarvest, Savola Group and King Abdullah University of Science and Technology. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital is provided to early-stage startups by this fund.
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Founded Year | Domain | Location | |
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Investments are directed toward growth-stage tech firms in emerging markets.
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Founded Year | Domain | Location | |
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Stage-agnostic investments in European tech firms are made by Globivest.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by iyris
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - iyris
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Iyris Comparisons
Competitors of iyris
iyris operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tortuga AgTech, Kheyti, Koidra, Zordi and GrowCo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of AI-enabled robot greenhouses systems
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| domain | founded_year | HQ Location |
Provider of greenhouse and tech-enabled services
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| domain | founded_year | HQ Location |
IoT and AI-based solutions for indoor farm automation are provided.
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| domain | founded_year | HQ Location |
AI-based greenhouse systems for strawberry cultivation are provided.
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| domain | founded_year | HQ Location |
Infrastructure for cannabis growers and logistics services
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Iyris
Frequently Asked Questions about iyris
When was iyris founded?
iyris was founded in 2014 and raised its 1st funding round 4 years after it was founded.
Where is iyris located?
iyris is headquartered in Al Ain, United Arab Emirates. It is registered at Al Ain, Abu Dhabi, United Arab Emirates.
Who is the current CEO of iyris?
Derya Baran is the current CEO of iyris. They have also founded this company.
Is iyris a funded company?
iyris is a funded company, having raised a total of $52.4M across 6 funding rounds to date. The company's 1st funding round was a Seed of $6M, raised on Sep 19, 2018.
What does iyris do?
Iyris was founded in 2014 in Al Ain, United Arab Emirates, by Derya Baran, who serves as CEO. Indoor crop production solutions are offered by the company, encompassing energy-producing power glass and optics methods designed for plant growth. Operations focus on agritech innovations to support controlled environment agriculture, with services extending to related technologies for efficient indoor farming in the region.
Who are the top competitors of iyris?
iyris's top competitors include Tortuga AgTech, Zordi and Kheyti.
What products or services does iyris offer?
iyris offers SecondSky and Iyris Labs.
Who are iyris's investors?
iyris has 14 investors. Key investors include AppHarvest, Savola Group, King Abdullah University of Science and Technology, Bonaventure Realty Group, and Ecosystem Integrity Fund.