2021-11-25

Tiamat sciences is developing plant protein to produce “cell meat” in a cheaper way

By yqqlm yqqlm

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5d2d34b5803ae49 - Tiamat sciences is developing plant protein to produce "cell meat" in a cheaper way

France Emmanuelle Adil, CEO of the company, founded the company in 2019 to produce animal free protein using proprietary plant molecular farming methods, which combines biotechnology Vertical tillage and computational design, re invented recombinant protein

“the growth factor used in the medium is very expensive now,” she told techcrunch. “We can significantly reduce the cost and achieve parity with meat.”

Adil estimates that the manufacturing cost of growth factor per gram today is US $2 million, but she believes that with the efforts of Tiamat Sciences and other companies, this cost can be reduced to 1 / 10 of the original, focusing on reducing its cost to 1 / 1000 of the original by 2025, so that mass production can be carried out

before the seed round of $3 million, the company introduced a financing last July, bringing its total financing to $3.4 million so far. Adil hopes to expand the company, which has an operating base in Belgium and moved to North Carolina in May

the new funds will help build a pilot production facility in Durham, North Carolina, for technology development. The company is already on the way to carbon neutral production

Tiamat sciences is developing plant protein to produce “cell meat” in a cheaper way

she could not disclose the name of the customer, but she said the company was developing its first product with the goal of releasing it by the end of this year. Tiamet will then send samples to customers for testing, which she believes will lead to some partnerships in 2022

Adil said that in addition to food, Tiamat’s method can be applied to other industries, such as regenerative medicine and vaccine production

“growth factors can be transferred to other industries because the process is similar,” she added. “We will strive for expansion by the end of 2022. Our scale will be very fast, first some factories, and then 100000 factories. We are discussing with some companies to help us expand large but gradually.”

Phil black, co-founder of true ventures, said that the investment in Tiamat Sciences is in line with its botanical portfolio. The initial funds raised by the company enable them to prove to people that their technology is effective and produce at the experimental level. Then there will be a larger round, expanding the scale from liters to gallons

“the cell meat industry is here, and now people are interested in making more profits for themselves and manufacturing more cell meat,” he added. “Limited factors exist, and taimat’s solution will be a game changer.”