Piatrika Biosystems Raises $1.2 Million Seed Fund

2022-07-23
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Piatrika Biosystems, agri-genomics startup, has raised $1.2 million in a Seed funding round led by Ankur Capital. The company is bringing sustainable seeds and agri chemicals to market faster and cheaper. The fund raised will be used to build strong product development team, also for more profound research, and to accelerate the productionizing and commercialization of MVP.

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"There remains a significant disconnect between state-of-the-art research and its practical implementation. This means that while there has been ground-breaking research in recent years in computational biology or genomics, data science, cloud and instrumentation, this important knowledge has not been applied in a timely practical manner in agriculture. There is an urgent need to translate these research advances into practical benefit for the agriculturist, the consumer and ultimately the planet through modern, sustainable and ethical food production," said Vasudev Kumanduri, co-founder and CEO, Piatrika Biosystems.

Founded in 2019 by Kumanduri and Phani Yarlagadda, Piatrika Biosystems is building a new innovative cloud-based enterprise platform-as-a-service (PAAS) for agri-genomic discoveries and plant breeding decision support, program designing and monitoring. The company also aims to bridge the gap between scientific research and commercial enterprise solutions.

"We are excited to partner with Piatrika on their journey to enable and create new seeds through computational biology. With the challenges that agriculture faces both from climate and increased food demand, innovation in the seed sector is critical. With advances in computational biology, we see this as a critical tool to bring new seeds to market quickly," said Ritu Verma, Ankur Capital.

As per market studies, to sustain an estimated 9 billion global population by 2050, global food production needs to be increase by 50 per cent to 70 per cent. This growing global population along with the element of climate change will lead to unprecedented agricultural challenges in the coming decades if it is not addressed now. The need for sustainable agriculture precisely, coupled with an aggressive growth strategy has necessitated a change in process management.

参考译文
Piatrika生物系统公司筹集120万美元种子基金
Piatrika Biosystems是一家农业基因组学初创公司,已获得120万美元的种子融资,由Ankur Capital领投。该公司正在将可持续的种子和农用化学品更快、更便宜地推向市场。筹集到的资金将用于打造强大的产品开发团队,也将用于更深入的研究,加快MVP的产品化和商业化。在最先进的研究和它的实际实施之间仍然存在显著的脱节。这意味着,尽管近年来在计算生物学或基因组学、数据科学、云计算和仪器仪表方面有了突破性的研究,但这一重要知识还没有及时地应用于农业实践。迫切需要将这些研究进展转化为现实利益,通过现代、可持续和合乎道德的粮食生产,造福农民、消费者,最终造福地球,"Piatrika Biosystems的联合创始人兼首席执行官Vasudev Kumanduri说。Piatrika Biosystems由Kumanduri和Phani Yarlagadda于2019年成立,正在构建一个新的创新的基于云的企业平台-即服务(PAAS),用于农业基因组发现和植物育种决策支持、程序设计和监测。该公司还致力于弥合科研与商业企业解决方案之间的差距。我们很高兴能与Piatrika在他们的旅程中合作,通过计算生物学实现和创建新的种子。农业面临气候和粮食需求增加的挑战,种子部门的创新至关重要。随着计算生物学的进步,我们认为这是一个关键的工具,将新的种子迅速推向市场,"安库尔资本的里图·维尔马说。根据市场研究,到2050年,要维持约90亿的全球人口,全球粮食产量需要增加50%至70%。不断增长的全球人口加上气候变化的因素,如果现在不加以解决,将在未来几十年给农业带来前所未有的挑战。准确地说,对可持续农业的需求,加上积极的增长战略,使过程管理必须改变。
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