AlgiSys

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Functional Nutrition Ingredients?
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Minimum Viable Product
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Functional fats and acids
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AlgiSys is a biotechnology company that has developed a proprietary process for producing omega-3 fatty acids, specifically Eicosapentaenoic Acid (EPA), from algae. The company's technology focuses on creating a commercial algal EPA production process that is cost-effective and efficient. AlgiSys utilizes heterotrophic microalgae, which can grow rapidly in dark conditions using fermentation technology. This method allows for accelerated oil production at commercial levels in just a few days, using traditional industrial fermentation equipment. The company's innovative approach aims to address the growing demand for EPA, which has been linked to various health benefits through numerous scientific studies. AlgiSys targets multiple markets for its omega-3 oils, including nutritional supplements, food and beverage, animal feed, and pharmaceuticals. The company was working on perfecting its pilot plant and expected to begin commercializing its omega-3 products in the first half of 2013.


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Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
6610 Hidden Woods Trail Cleveland OH USA
Founded year:
2009
Employees:
1-10
IPO status:
Private
Total funding:
USD 8.9 mn
Last Funding:
USD 6.2 mn (Series A; Aug 2013)
Last valuation:
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