Iyris

Based in the United Arab Emirates, Iyris focuses on developing high-performance optical additives that enhance the durability and efficiency of materials used in agriculture, aquaculture, and infrastructure applications. Iyris, founded in 2018 in Abu Dhabi, United Arab Emirates, specializes in creating advanced optical additives. The company has successfully completed five deals to date and raised USD 16. 00 mn in SERIES A funding on May 30, 2024, led by Ecosystem Integrity Fund, alongside other investors including Bonaventure Capital and Global Ventures.

Iyris was co-founded by Derya Baran, Mark Tester, and Ryan Lefers, with Ryan Lefers serving as its CEO. Iyris specializes in high-performance optical additives designed to enhance the efficiency, durability, and performance of materials used in agriculture, aquaculture, and infrastructure. Their core product offerings are engineered to address challenges such as excessive heat, inefficient light management, and UV degradation. By optimizing the interaction between materials and light, these additives are deployed in various applications, including films, coatings, and composites.

Iyris serves clients in North America, Europe, and parts of Asia, focusing on sustainable practices and food security. Iyris generates revenue through direct sales of its optical additives to businesses in agriculture, aquaculture, and infrastructure sectors. The company operates on a business-to-business (B2B) model, supplying products directly to manufacturers and service providers. Revenue streams include contracts for bulk purchases and tailored supply agreements, with pricing structures based on volume and product specifications.

In May 2024, Iyris raised USD 16. 00 mn in SERIES A funding, which will be utilized to drive global sales of its agricultural technology platform and continue the development of heat-blocking products and resilient plant genetics. The company aims to expand its market presence in North America and Asia by launching new products designed to meet the challenges of extreme environmental conditions.