Aleph Farms, an Israeli cultivated meat startup, has secured $29 million in funding and expects to raise an additional $10-15 million. The company has unveiled modifications to its core technology, enabling more cost-effective production of whole-cut cultivated steak. The new “1.2” approach simplifies the process, reducing costs to $14/lb at small scale and $6-7/lb at large scale. Aleph plans to expand production in Israel and establish facilities in Europe and Asia. Regulatory approvals are progressing in multiple countries, with a launch expected in Israel within six months.
Source: Aleph Farms raises $29m, modifies core tech to cut costs