Memphis Meats
 | |
| Privately held company | |
| Industry | Food technology |
| Founders | Uma Valeti, Nicholas Genovese, Will Clem |
| Headquarters | San Francisco, CA, U.S. |
| Website |
memphismeats |
Memphis Meats is a food technology company headquartered in San Francisco aiming to "remake modern animal agriculture" by growing cultured meat.[1] The company was founded by three scientists: Uma Valeti (CEO), Nicholas Genovese (CSO), and Will Clem.[2] Valeti is a cardiologist and medical professor at the University of Minnesota.[1]
The company received major press coverage in February 2016 when they revealed the "world's first cultured meatball."[1][3][4]
As of February 2016, it cost the company $18,000 to produce one pound of in-vitro beef, but the company expects to scale the process up and sell to consumers within five years.[3][4] It is also experimenting with stem cells from pigs and chickens.[3] Valeti claims that his product will be more sustainable than beef derived from butchering an animal, which requires 23-to-1 ratio of Calories used to Calories produced. Valeti claims that the company's process will reduce the ratio to 3-to-1. He also claims it will require 90% less water and land.[4] As of February 2016 the company was closing a $2 million seed round.[4] In November 2016, they sought to lower the number of animals killed for food for thanksgiving.[5]
References
- 1 2 3 Bunge, Jacob. "Sizzling Steaks May Soon Be Lab-Grown". The Wall Street Journal. Retrieved 4 February 2016.
- ↑ "The Memphis Meats Team". Memphis Meats. Retrieved 4 February 2016.
- 1 2 3 "'World's first' lab-grown meatball revealed". Fox News. Retrieved 4 February 2016.
- 1 2 3 4 "You Could Be Eating Lab-Grown Meat in Just Five Years". Fortune. Retrieved 4 February 2016.
- ↑ "Memphis meats wants to lower the number of animals killed for food for thanksgiving". Yahoo Tech. 24 November 2016. Retrieved 24 November 2016.