I
iyris
An innovative technology company reducing the carbon and fresh water footprint of food sector
About iyris
Iyris, formerly known as RedSea, is an AgriClimate technology company established in 2018 with headquarters in Saudi Arabia. The company was founded by Ryan Lefers, Mark Tester, and Derya Baran, spinning out of the King Abdullah University of Science and Technology (KAUST). The founders' backgrounds are deeply rooted in science and engineering; Lefers holds a PhD in Environmental Engineering from KAUST and grew up on a farm in the US Midwest, driving his ambition to apply research to real-world agricultural challenges. Tester is a renowned plant scientist, and Baran is a professor of Material Science and Engineering. Their collective expertise underpins the company's mission to address food security in hot climates by developing technologies that mitigate the effects of extreme heat and water scarcity.
The company operates as a pure-play technology provider, focusing on the commercialization and development of its proprietary solutions for the agricultural sector. Its business model involves selling its technology products directly to commercial growers, primarily those with low-to-mid-tech farming operations, which represent a significant majority of farmers globally. Iyris serves a global market, with technologies deployed in at least eleven countries, including the UAE, Egypt, Morocco, Spain, Portugal, and Mexico. The company generates revenue through the sale of its products, which are designed to offer a rapid return on investment, often within a single crop season.
Iyris's core product suite is designed to create more sustainable and profitable farming in harsh environments. Its flagship product is SecondSky, a transparent, heat-blocking greenhouse cover available as polycarbonate panels, polyethylene films, and nets. This technology utilizes an innovative nanocomposite material that blocks near-infrared (NIR) heat radiation while allowing the passage of light necessary for photosynthesis. Benefits for farmers include a reduction in energy consumption by over 40% and water usage by up to 30%, leading to extended growing seasons and improved crop yields. Beyond greenhouse covers, iyris is developing resilient plant genetics through a novel hybridization process to breed crops, such as tomatoes, that are resistant to heat, drought, and salinity. This holistic approach, combining advanced materials and plant science, differentiates iyris from competitors by offering a comprehensive toolkit for climate-adaptive agriculture.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2018
- Headquarters
- Thuwal, Saudi Arabia
- Employees
- 196
- Open positions
- None listed
- Dealroom signal
- 66.8/100
- Industry
- Food
- Sub-industry
- AgriTech
- Sector
- Food, Farming, Spinout, Sustainable Development Goals, Climate Tech, Woman Founder, DT and LS, science-based
- Technology
- Deep Tech
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES AOther financing | May 2024 | $16M | $64M | Global Ventures · Dubai Future District Fund · Bonaventure Capital · Ecosystem Integrity Fund | ↗ |
| EARLY VCOther financing | Apr 2022 | $19M | $74M | National Transformation Institute · OlsonUbben · Wa'ed Ventures · Savola Group | ↗ |
Growth signals
Latest recorded traffic for iyris is 2.7K monthly website visits, up 233.3% over the last three months. iyris's team declined 5.8% over the past year.
Open positions
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed3 investors entered at this stage
National Transformation Institute
TAQADAM Startup Accelerator
King Abdullah University of Science and Technology
Series A11 investors entered at this stage
Bonaventure Capital
Wa'ed Ventures
AppHarvest
FII Institute
Global Ventures
Savola Group- OLOlsonUbben
Ecosystem Integrity Fund
Dubai Future District Fund
Yusuf Bin Ahmed Kanoo
Globivest
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about iyris on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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