Cultivated meat company, Meatable, reveals its first product
Dutch biotech company, Meatable, specializes in the development of cultivated lab-grown meat products and has revealed images of its first synthetic sausage.
While it usually takes around 3 years to develop beef or pork, Meatable claims that it can achieve the same results in a couple of weeks without any of the drawbacks. That is, no slaughter or antibiotics, while having a smaller environmental footprint by reducing the amount of water and trees used as compared to conventional farming techniques.
As reported by TechCrunch, Meatable was founded in 2018 and raised $10 million in 2019 with another $47 million raised last year. Where numerous cultivated meat companies have entered the fray and attracted venture capital money, Meatable differs by using opti-oxTM technology instead of fetal bovine serum (FBS). Only one cell sample, harvested from cattle fetuses, is needed to replicate the natural growth of muscle and fat.
The unveiling of its first lab-grown sausage signals a transition from research into something akin to a final product. The founders are permitted to taste them under strict circumstances (following a vote in the Dutch House of Representatives in March), but regulatory restrictions continue to pose a high barrier for getting those goods to market. Notably, Singapore is the only jurisdiction where it is legal to sell lab-grown meat. The fact that Meatable is still looking at another three years to launch its product commercially illustrates the obstacles this technology faces.
Author: Emily Groper, 2022 Summer Student-at-law
Expertise
Insights
-
Technology
PocketHealth Secures $45M in Series B Funding: A Leap Forward in Medical Image Exchange
At its inception eight years ago, PocketHealth set a goal to build an easier way for patients and healthcare providers to access and share diagnostic images. Today, the Toronto-based start-up’s… -
Technology
Reddit Shares Surge on First Day as a Public Company
The social media giant, Reddit, has gone public by way of an initial public offering (IPO) in the United States.Reddit announced they would be offering 22,000,000 shares, with an initial share price… -
Technology
YouTube Launches YouTube Create to Help Combat the Growth of TikTok
YouTube, the world’s largest video-sharing platform, has just unveiled its latest feature: YouTube Create. This mobile app is designed to empower content creators by providing an intuitive and… -
Technology
Aggregating e-Commerce Aggregators
On March 4, 2024, Berlin-based Razor Group (“Razor”) acquired Boston-based Perch in an all-stock deal. Both companies are e-commerce aggregators, an industry made up of third-party marketplace sellers… -
Technology
Clash of the AI Titans: Elon Musk Files Lawsuit Against OpenAI and its Founders
The rapid development and mass proliferation of artificial intelligence (“AI”) tools over the past few years has been met with a broad spectrum of response - the excited optimism of many industry… -
Technology
GeologicAI Acquires Resource Modeling Solutions
GeologicAI, a Calgary-based mining tech company, recently announced the acquisition of Resource Modeling Solutions. In a press release, GeologicAI said the transaction will create opportunities for…