Aleph Farms, an Israeli cultivated meat producer, has laid off 30% (30 employees) of its domestic workforce due to difficulties securing capital amidst its scale-up process. Aleph Farms has pledged to assist these employees in seeking new employment opportunities.

The company will continue its R&D efforts in Israel while expanding globally via collaborations with co-manufacturers, maintaining a capital-efficient and asset-light strategy.

Analyst QuickTake: The company’s last funding round was in July 2021 , when it raised USD 105 million in Series B funding scaling and global expansion efforts. Recently, Aleph Farms partnered with AI insights platform BioRaptor to lower production costs and streamline production processes as it seeks cost-cutting opportunities amidst financial issues.