Stock Market News

Lab-grown meat maker Uncommon raises $30 million from OpenAI’s Sam Altman and others

2023.06.09 01:07


© Reuters. FILE PHOTO: Sam Altman, CEO of Microsoft-backed OpenAI and ChatGPT creator speaks during a talk at Tel Aviv University in Tel Aviv, Israel June 5, 2023. REUTERS/Amir Cohen

By Sudip Kar-Gupta

PARIS (Reuters) – Lab-grown meat producer Uncommon said on Friday it had raised $30 million from investors including OpenAI chief executive Sam Altman.

The British-based company’s latest funding round was led by Balderton Capital and Lowercarbon Capital. Others investors included Red Alpine, East Alpha, early stage investor Sam Altman, Miray Zaki and Sebastiano Castiglioni, it said.

Uncommon chief executive and founder Benjamina Bollag said she looked forward to working with the investors “to make a difference to global health.”

Companies producing lab-grown meat say they hope to contribute in the fight against climate change, as producing meat in a laboratory has less impact on the environment than livestock out in a field.

They also promote the fact that their products do not involve the slaughter of animals.

“The cultivated meat industry faces significant challenges, from the cost of materials to regulation and scaling,” Balderton Capital partner Daniel Waterhouse said. “We’re convinced that Uncommon has the formula to become a global leader that will transform how we eat and enjoy meat.”

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,473.38 0.16%
ethereum
Ethereum (ETH) $ 3,465.69 1.08%
tether
Tether (USDT) $ 0.99907 0.03%
xrp
XRP (XRP) $ 2.28 2.37%
bnb
BNB (BNB) $ 700.24 0.61%
solana
Solana (SOL) $ 198.03 0.80%
dogecoin
Dogecoin (DOGE) $ 0.329207 1.60%
usd-coin
USDC (USDC) $ 1.00 0.03%
staked-ether
Lido Staked Ether (STETH) $ 3,461.58 0.89%
cardano
Cardano (ADA) $ 0.910647 3.26%
tron
TRON (TRX) $ 0.256631 0.35%
avalanche-2
Avalanche (AVAX) $ 40.33 2.22%
chainlink
Chainlink (LINK) $ 24.51 0.88%
the-open-network
Toncoin (TON) $ 5.94 2.48%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,111.47 0.74%
shiba-inu
Shiba Inu (SHIB) $ 0.000023 1.48%
sui
Sui (SUI) $ 4.52 1.81%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,367.36 0.18%
hedera-hashgraph
Hedera (HBAR) $ 0.314783 1.44%
stellar
Stellar (XLM) $ 0.382339 7.20%
polkadot
Polkadot (DOT) $ 7.46 0.86%
weth
WETH (WETH) $ 3,465.27 1.06%
hyperliquid
Hyperliquid (HYPE) $ 28.16 6.53%
bitcoin-cash
Bitcoin Cash (BCH) $ 459.35 3.38%
leo-token
LEO Token (LEO) $ 9.53 0.50%
uniswap
Uniswap (UNI) $ 13.83 4.78%
litecoin
Litecoin (LTC) $ 108.26 1.37%
bitget-token
Bitget Token (BGB) $ 5.64 15.53%
pepe
Pepe (PEPE) $ 0.000018 4.29%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,657.47 1.02%
near
NEAR Protocol (NEAR) $ 5.42 2.74%
ethena-usde
Ethena USDe (USDE) $ 0.999182 0.02%
aave
Aave (AAVE) $ 370.34 1.47%
usds
USDS (USDS) $ 0.999749 0.11%
internet-computer
Internet Computer (ICP) $ 11.22 0.35%
aptos
Aptos (APT) $ 9.56 1.92%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.513672 2.75%
crypto-com-chain
Cronos (CRO) $ 0.158195 4.75%
vechain
VeChain (VET) $ 0.051622 2.34%
mantle
Mantle (MNT) $ 1.24 0.20%
ethereum-classic
Ethereum Classic (ETC) $ 27.19 3.56%
render-token
Render (RENDER) $ 7.52 4.31%
bittensor
Bittensor (TAO) $ 504.51 1.35%
whitebit
WhiteBIT Coin (WBT) $ 25.07 1.04%
monero
Monero (XMR) $ 194.43 1.04%
mantra-dao
MANTRA (OM) $ 3.76 1.21%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.35 3.67%
dai
Dai (DAI) $ 0.999581 0.11%
arbitrum
Arbitrum (ARB) $ 0.795343 3.11%
filecoin
Filecoin (FIL) $ 5.28 3.75%