Indoor farming startup Iyris raises $16 million to expand controlled environment agriculture

As the climate crisis makes traditional agriculture increasingly unpredictable, entrepreneurs are developing innovative solutions to bring fresh produce to more communities. Iyris, a leader in controlled environment indoor farming technology, has announced a $16 million funding round to expand access to healthy, locally grown fruits and vegetables.

Founded in 2019, Iyris provides advanced growing systems that make it possible to cultivate a wide variety of produce year-round, even in challenging regions with adverse weather or limited access to arable land. Their modular hydroponic racks paired with customized lighting and environmental controls allow farmers to precisely optimize conditions. This “farming as a service” model removes infrastructure barriers so growers can focus on cultivation.

The Series A funding will support Iyris’ growing partner network of vertical indoor farms across North America. With their customizable industrial racks and 24/7 remote monitoring systems, more communities will gain a reliable local source of nutrition regardless of soil quality or climate volatility. Investors see great potential in empowering sustainable urban agriculture that is resilient to climate impacts. With food security a rising global concern, Iyris’ breakthrough solutions could not only boost local economies but also improve public health by increasing access to fresh, nutritious options.