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HomeInsightFunding Alert Piatrika Biosystems raises $1.2 mn in seed round

[Funding alert] Piatrika Biosystems raises $1.2 mn in seed round

[Funding alert] Piatrika Biosystems raises $1.2 mn in seed round
Vasudev Chari Kumanduri and Phani Gopal Yarlagadda founders of Piatrika Biosystems

Agrigenomics platform Piatrika Biosystems has raised $1.2 million in its seed funding round from Ankur Capital.

The startup plans to use the funds to scale up its product development team and commercialization of its Minimum Viable Product (MVP).

India/UK-based Piatrika Biosystems was founded in 2019 by Vasudev Chari Kumanduri and Phani Gopal Yarlagadda, It is building a cloud-based enterprise Platform-as-a-Service (PaaS) for agro-genomic discoveries and plant breeding decision support, program designing and monitoring.

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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 this area, the 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”, said, Vasudev Kumanduri, Co-Founder & CEO, Piatrika Biosystems.

The startup aims to bring sustainable seeds and agro-chemicals to the market faster and cheaper.

“Weather, war, and viruses have disrupted global food systems. This has put immense pressure to produce more food using less resources. Seed companies and agri-research institutes are looking for affordable Enterprise grade plug-in solutions that can leverage the recent advancements in technology to optimize the processes involved in taking a seed from lab to farmer,” said Phani Yarlagadda, co-founder and chief operating officer (COO) at Piatrika Biosystems. 

The startup is incubated out of NIAB (Cambridge, UK) and ICRISAT (Hyderabad, India) and is working with researchers, seed companies and research institutes.

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Recently it was selected as a case study by the Food and Agriculture Organization (FAO) of the United Nations report and featured.

“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, partner, Ankur Capital.  

Piatrika Biosystems

They at Piatrika Biosystems believe that a good amalgamation of technology and bioinformatics will help the world meet the Sustainability targets. Bridging gap between Scientific community and enterprise farming.