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Inari is a plant breeding technology company aiming to transform plant breeding to significantly reduce time and cost by applying biological and data sciences. Its flagship product SEEDesign makes seeds for a sustainable, nature friendly food system. The company was founded in 2016 and is based in Cambridge, Massachusetts.
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Research containing Inari
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CB Insights Intelligence Analysts have mentioned Inari in 4 CB Insights research briefs, most recently on Jan 31, 2022.
Aug 31, 2021What Is CRISPR?
Expert Collections containing Inari
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Inari is included in 3 Expert Collections, including Agriculture Technology (Agtech).
Agriculture Technology (Agtech)
Companies that are using technology to make farms more efficient.
Unicorns- Billion Dollar Startups
Companies involved in the capture, sequencing, and/or analysis of genomic, transcriptomic, proteomic, and/or metabolomic data
Latest Inari News
May 30, 2023
This is in line with the group’s expansion plans which is said to be on track. TA Research noted Inari’s primary customer recently secured a multibillion dollar deal with a significant US end-user for the development of 5G RF components, which gives the group’s RF segment confidence in its long-term viability. On the other hand, Inari told TA Research it expects its other segments to be steady in the coming quarters. This is following the sluggish market deployment of the optical communication segment, the beginning of production of new optocoupler products in the automotive industry, the high demand in industrial, and the stability of the generic market. As for its expansion front, Inari said in Malaysia it is in the midst of the construction of a new block at the P34 facility in Batu Kawan, Penang, and is planning for a new facility in proximity to the P34. In the Philippines, the company is in the planning stage for the construction of a new plant called CK3 while in China, the construction of a new plant in Yiwu, Zhejiang, is on track and expected to be ready by the third to fourth quarter of calendar year 2023 (3Q to 4QCY23). Inari reported a revenue of RM275.8mil and a net profit of RM57.3mil or earnings per share (EPS) of 1.54sen in the third quarter ended March 31, of financial year 2023 (3Q23). According to TA Research, Inari’s 3Q23 is often the weakest quarter in the financial year, with its latest revenue and core earnings contracted by 23.5% and 41.3% year-on-year respectively. “In addition to broad-based weakness amid the semiconductors industry’s downcycle, Inari’s core RF segment typically observes a seasonal slowdown in the second half of the financial year,” TA Research added. Inari also recorded a drop on its net profit margin in 3Q23 due to weaker utilisation, particularly from the higher margin RF market However, despite the lower profitability, Inari’s margin remained substantially above the industry average, in part because of continued cost-cutting initiatives. Subscribe now to our Premium Plan for an ad-free and unlimited reading experience! Topic:
Inari Frequently Asked Questions (FAQ)
When was Inari founded?
Inari was founded in 2016.
Where is Inari's headquarters?
Inari's headquarters is located at One Kendall Square, Cambridge.
What is Inari's latest funding round?
Inari's latest funding round is Debt.
How much did Inari raise?
Inari raised a total of $521M.
Who are the investors of Inari?
Investors of Inari include Flagship Pioneering, K2 HealthVentures, Pictet Group, Hanwha Impact, NGS Super and 11 more.
Who are Inari's competitors?
Competitors of Inari include Cibus and 6 more.
Compare Inari to Competitors
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