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Forsaking funding at a $1 billion valuation, Solugen preps a new green chemical product and a big 2021

TechCrunch

Late last year, Solugen , a startup using synthetic biology to take hydrocarbons out of the chemicals industry, decided against pursuing a new round of funding that would have valued the company at over $1 billion, TechCrunch has learned. Chemicals are everywhere and they’re a huge business.

Chemicals 230
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Has a startup finally found one of food science’s holy grails with its healthy sugar substitute?

TechCrunch

Their company, Cambridge Glycoscience could claim a huge slice of a market worth at least a $100 billion market, they said. “Sugar is a massive consumer of water and in contrast, there’s big sustainability pitch for what we do. Those chemicals. 10 startups that caught our eye from day 1 of YC Demo Day S18.

Chemicals 335
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Vertical Oceans aims to grow sustainable shrimp in huge ‘aqua towers’ inside cities

TechCrunch

The result was Vertical Oceans , a startup that grows sustainable shrimp in huge “aqua towers”, which can be located inside cities, potentially in facilities that even look like buildings. The towers can incubate shrimp without chemicals or antibiotics, and out of season. million seed round with Khosla Ventures.

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Novi is building a B2B marketplace for brands that care about sustainability

TechCrunch

It’s that old chestnut: You are a fancy-pants brand wanting to make a product that makes you feel all warm and fuzzy inside because you only use fair-trade, sustainably grown ingredients and materials, but you don’t know where to turn. “Early in my career, I joined the Air Force and I wanted to work on hard problems.

B2B 208
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InnerPlant grows with new John Deere-backed millions for sustainable farming

TechCrunch

That’s what InnerPlant founder and CEO Shely Aronov is trying to do with her startup that uses plant physiology to gather loads of data to make farming more efficient and sustainable. Now the company will hire more people in R&D, data and engineering, business development, customer success and marketing. The company raised $5.65

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Katakem’s ‘robot chef’ speeds up drug development with reliable chemistry

TechCrunch

With Katakem, Oliverio aims to develop what he calls a “robot chef” for chemists — a device that makes chemical reactions more consistently reproducible while accelerating the experimental process. “The production of a chemical product is strictly regulated and standardized. Image Credits: Katakem. million ($1.27

Chemicals 211
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New Age Meats bites into $25M for cultured meat product line development

TechCrunch

CEO Brian Spears has a chemical engineering background and co-founded the company, which makes meat from animal cells, in 2018 after spending 12 years developing research laboratory and industry automation. “We He expects to be able to go to market in 2022, pending approval from the U.S. Food and Drug Administration.

Culture 244