Ever After Foods (formerly known as Plurinova), a food tech company based in Israel, has received USD 10 million from strategic investors in the US and EU. The funding round included a second investment from its parent company, Pluri, and the Tnuva Group.
The funding will advance Pluri's scalable technology platform, which utilizes Pluri's technologies. The breakthrough technology would enable production costs to be lowered by over 90% and increase production capacity.
Analyst QuickTake: Ever After Foods' bioreactors , powered by Pluri's technology, can support the production of extremely high densities of cultured meat at very large scales, yielding a 700% increase in productivity compared to other alternatives. Further, it uses a patented 3D cell expansion environment that claims to replicate the cell's natural environment and can develop cultivated meats with batch-to-batch consistency.
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