Piatrika Biosystems Raises $1.2M in Seed Funding Led by Ankur Capital to Build Platform for Discovery of New Sustainable Crop Varieties
Piatrika Biosystems, an agri-genomics startup based in India and the UK, raised $1.2 million in a funding round led by Ankur Capital. The company brings sustainable seeds and agrochemicals to market faster and at lower cost. The investment will be used to build a strong product development team, also for further research, and to accelerate the production and commercialization of MVP.
Founded in 2019 by Vasudev Kumanduri and Phani Yarlagadda, Piatrika Biosystems is also building an innovative new cloud-based Platform-As-A-Service (PAAS) for agro-genomics discoveries and plant breeding decision support , program design and monitoring. The seed discovery platform is supported by new technologies in computational biology and data science, the integration of these with the capture of autonomous phenotypic, temporal and spatial data for more accurate analysis helps improve the discovery process. The company aims to bridge the gap between scientific research and commercial enterprise solutions.
Phani Yarlagadda, co-founder and COO of Piatrika Biosystems, said, “Weather, war and viruses have disrupted global food systems. This put immense pressure to produce more food using fewer resources. Seed companies and agricultural research institutes are looking for affordable, enterprise-grade plug-in solutions that can take advantage of recent technological advancements to optimize the processes involved in getting a seed from the lab to the farmer”
Ritu Verma, Partner at Ankur Capital, said, “We are thrilled to partner with Piatrika on their journey to activate and create new seeds through computational biology. With the challenges facing agriculture from both climate and increasing food demand, innovation in the seed sector is essential. With advances in computational biology, we see this as an essential tool to bring new seeds to market quickly. »
Piatrika Biosystems is incubated outside NIAB (Cambridge, UK) and ICRISAT (Hyderabad, India) and works with researchers, seed companies and research institutes. In June 2022, Piatrika Biosystems was selected as a case study by Food and Agriculture
(FAO) of the United Nations report and featured.