KAUST spinout iyris, an AgriClimate Tech company, raised $16 million in Series A funding led by Ecosystem Integrity Fund. The funding will help iyris scale the sales and delivery of its SecondSky greenhouse covers and nets internationally. iyris' SecondSky technology was developed at KAUST and increases crop yields while reducing input costs. Why it matters: This funding highlights the potential of KAUST-backed startups to address critical challenges in agriculture and sustainability, particularly in harsh environments.
Three KAUST startups, iyris, Oaesis, and UnitX, were selected in the top 10 at the Startup Istanbul international competition out of 90,000 applicants. iyris secured third place with its technology, while Oaesis developed a laser-based energy-efficient lighting system for indoor farms. KAUST supports emerging companies from ideation to marketing and financial support. Why it matters: This showcases KAUST's role in fostering innovation and contributing to Saudi Arabia's knowledge-based economy by supporting promising startups on the global stage.
KAUST Professor Derya Baran and her team at startup iyris have developed transparent solar panels that can turn windows into a source of renewable energy. The technology allows buildings to generate their own electricity, aligning with Saudi Vision 2030's goals for sustainable energy. iyris' first customer is the Red Sea Farm, another KAUST-based business, which aims to use the windows to improve plant growth and crop yield. Why it matters: This innovation could significantly reduce reliance on fossil fuels and promote sustainable urban development in the region, where cooling demands drive high electricity consumption.
KAUST is celebrating Saudi Arabia hosting World Environment Day 2024 by highlighting two KAUST startups: Terraxy and iyris. Terraxy produces Carbosoil, a soil amendment that renders sandy soils amenable for food production and greening. iyris designs technologies like greenhouse covers and shade nets to help growers increase crop yields and reduce input costs. Why it matters: These startups demonstrate Saudi Arabia's commitment to environmental sustainability through innovative, homegrown solutions, aligning with the Kingdom's Vision 2030 goals for greening the nation and reducing organic waste.
KAUST Assistant Professor of Material Science and Engineering, Derya Baran, was named as one of MIT Technology Review's 'Innovators Under 35 in the MENA region' in 2018. Baran and her team founded iyris, a startup developing transparent photovoltaic technology to turn windows into solar panels. The technology aims to enable energy-efficient buildings by generating electricity and blocking heat. Why it matters: This recognition highlights KAUST's role in fostering innovation in sustainable energy and showcases the potential of advanced materials research for addressing regional environmental challenges.