Developers: | Ever After Foods |
Date of the premiere of the system: | June 2024 |
Branches: | Food industry |
2024: Market Entry
On June 19, 2024, it became known that the Israeli biotechnology firm Ever After Foods is bringing to the market specialized bioreactors for the production of artificial meat. These plants make it possible to increase the output of cultured meat while reducing costs.
Ever After Foods (formerly Plurinuva) has exclusive licensing rights to the technology and intellectual property of Pluri related to the production and commercialization of artificial meat. The bioreactor makes it possible to produce 10 kg of cultured meat mass with a tank volume of 10 liters. Moreover, the method used allows you to recreate the taste and texture as close as possible to natural products.
Compared to raising livestock on an industrial scale, the Ever After Foods platform provides a number of benefits. In particular, air pollution is reduced by 93%, and water consumption - by 94%. In addition, the required area for the organization of production is reduced by 95%. Artificial meat is said to have a high nutritional value.
Ever After Foods also announced a $10 million funding round. The money was provided by strategic investors from the European Union and the United States. The funds came from the aforementioned company Pluri, as well as from Tnuva Group, the largest food producer in Israel. It was they who formed Ever After Foods as a joint venture in 2022. The attracted investments will help in the development of business in the international market.
Getting funding from new global partners is a testament to our team's tireless commitment to addressing key manufacturing challenges to build a sustainable meat industry, Ever After Foods says.[1] |