Companies compete in offering consumers meatless substitutes that taste like beef steak or chicken wings. At the same time, the process of looking for alternatives to meat produced by conventional methods is gaining momentum. Close to a year ago, we wrote about start-ups such as Jet Eat and NovaMeat, which, using 3D printing, try to reflect both the structure and taste as well as the nutritional value of “meatless” meat.
A few days ago, Memphis Meats – an American start-up, which is working on creating an alternative to meat currently available on store shelves, closed the financing round, which it ended with an impressive result of 161 million dollars. Historically, it is the highest funding ever received by a company from the cellular agriculture industry (the so-called cellular agriculture, i.e. the production of agricultural products from cell cultures).
Such a high amount of financing will allow the company to accelerate work and deliver its products to consumers – it will be allocated to the construction of a pilot production plant. the date of product launch is not yet known, but it is known that the company is in the process of obtaining necessary permits that will pave the way for mass production.
Although the project implemented by Memphis Meats is not directly connected with 3D printing technologies, the bioprinting method is closely related to the field of both the production of synthetic meat and the production of cellular structures. It is possible that the company will use 3D printing from biological material in subsequent stages of the project to giving the desired shape. It is anticipated that over the next few years, 3D bioprint will play a key role for companies related to the cellular agriculture industry.
Memphis Meats deals with finding ways to produce meat directly from cells, without having to breed or slaughter animals. The company’s motivations are closely related to ecology and sustainable development – Uma Valeti, CEO of Memphis Meats, emphasizes that synthetic meat can allow people to be fed without increasing interference with the natural environment.
For the first time specialists from the company presented their cellular alternative to meat in 2016, and intensive work carried out to this day will soon allow to see the effects of their project. Memphis Meats wants to focus primarily on delivering its products to the American and Asian markets.