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MrPlow writes:

Submitted via IRC for takyon

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).

Source: https://www.nextbigfuture.com/2017/10/cargill-bill-gates-richard-branson-backed-memphis-meats-expects-meat-from-cells-in-stores-by-2021.html

Previously: Lab-Grown Chicken (and Duck) Could be on the Menu in 4 Years

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Lab-Grown Pork Closer to Reality

Original Submission

1. "MrPlow" - https://soylentnews.org/~MrPlow/
2. "Cargill Inc., one of the largest global agricultural companies" - https://www.bloomberg.com/news/articles/2017-08-23/cargill-bill-gates-bet-on-startup-making-meat-without-slaughter
3. "The company expects to have a product in stores by 2021" - https://www.inc.com/magazine/201711/jeff-bercovici/memphis-meats-lab-grown-meat-startup.html
4. "Cargill" - https://en.wikipedia.org/wiki/Cargill
5. "$109.7 billion in 2017" - https://www.cargill.com/about/financial/five-year-financial-summary
6. "Lab-Grown Chicken (and Duck) Could be on the Menu in 4 Years" - https://soylentnews.org/article.pl?sid=17/03/16/2218249
7. "Lab-grown meat would 'cut emissions and save energy'" - http://www.ox.ac.uk/news/2011-06-21-lab-grown-meat-would-cut-emissions-and-save-energy
8. "Producing Beef has the Greatest Impact on the Environment Compared to Other Animal Based Foods" - https://soylentnews.org/article.pl?sid=14/07/23/0812210
9. "Real Vegan Cheese: Coming From a Yeast to You" - https://soylentnews.org/article.pl?sid=15/04/17/1128204
10. "Would You Try Silicon Valley's Bloody Plant Burger(s)?" - https://soylentnews.org/article.pl?sid=16/06/24/0130210
11. "Lab-Grown Pork Closer to Reality" - https://soylentnews.org/article.pl?sid=17/02/17/2122215
12. "Original Submission" - https://soylentnews.org/submit.pl?op=viewsub&subid=23117

printed from SoylentNews, Cargill, Bill Gates, Richard Branson Backed Memphis Meats Expects Meat From Cells in Stores by 2021 on 2025-01-25 15:18:55