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Cargill Inc., one of the largest global agricultural companies, has joined Bill Gates and other business giants to invest in a nascent technology to make meat from self-producing animal cells amid rising consumer demand for protein that's less reliant on feed, land and water.
Memphis Meats, which produces beef, chicken and duck directly from animal cells without raising and slaughtering livestock or poultry, raised $17 million from investors including Cargill, Gates and billionaire Richard Branson, according to a statement Tuesday on the San Francisco-based startup's website. The fundraising round was led by venture-capital firm DFJ, which has previously backed several social-minded retail startups.
They made the first ever chicken and duck meat that were produced without the animals.
The company expects to have a product in stores by 2021.
"They're the leader in clean meat. There's no one else that far along," says venture capitalist Steve Jurvetson, whose firm led Memphis Meats' recent $17 million Series A. Before he met Valeti in 2016, Jurvetson spent almost five years researching lab-grown meat and meat alternatives, believing the market was set to explode. "They're the only one that convinced me they can get to a price point and a scale that would make a difference in the industry," he says.
Cargill is the largest privately held corporation in the United States in terms of revenue ($109.7 billion in 2017).
Previously: Lab-Grown Chicken (and Duck) Could be on the Menu in 4 Years
Related: Lab-grown meat would 'cut emissions and save energy'
Producing Beef has the Greatest Impact on the Environment Compared to Other Animal Based Foods
Real Vegan Cheese: Coming From a Yeast to You
Would You Try Silicon Valley's Bloody Plant Burger(s)?
Lab-Grown Pork Closer to Reality
(Score: 2) by looorg on Sunday November 05 2017, @05:25PM
Hard to hunt haggis in the wild? It's sheep. They are one of the more stupid animals. They wouldn't be hard to hunt at all. Not sure if there are any large populations of wild sheep around. I can't say anything about the taste either, it's not a very appealing dish in my mind.
With that said Horse taste great. Dog was nothing special. Never tried cat, worms or rats (as far as I know). I'm not entirely sure about the logic chain, it's not like we don't eat beasts of burden. We have just endowed various animals with cuteness or something and then decided that we won't eat them. Except that we totally would if we had to. It's just a matter of the position on the food chain vs hunger or desire. After all as noted by others if things come down to eat or die then some people will eat other people. I hope I would have to stomach for it.
https://en.wikipedia.org/wiki/Uruguayan_Air_Force_Flight_571 [wikipedia.org]