In Boston, GALY CO., a climate tech company pioneering the development of cellular agriculture products, has announced the closing of an oversubscribed $33 million Series B financing led by Breakthrough Energy Ventures with additional participation from new investors H&M Group and Inditex. The funds will primarily fuel the expansion of GALY’s research and development on […]
In Boston, strain engineering pioneer Ginkgo Bioworks Holdings has received notice from the New York Stock Exchange that the company’s average stock closing price was less than $1 per share over a consecutive 30 trading-day period—setting a countdown for Ginko to boost its price or be delisted. Under the NYSE rules, Ginkgo now has a […]
In Boston, Circe Bioscience has licensed a gas fermentation technology from Harvard University’s Wyss Institute that can produce molecules identical to sugars, fats, biodegradable plastics, and biofuels, using only CO2, water, and electricity. Circe’s initial target products are triglycerides. The company has already produced the world’s first gas fermentation-derived chocolate and is exploring other fats, […]
In Boston, a new report is exploring the future production of sustainable materials, such as handbags of mushroom leather and biodegradable foodware. The report from IDTechEx—a market research and business intelligence company focusing on emerging technologies—notes that, with the right input feedstock, such as biomass or gases, and the right fermentation processes, the outputs of […]
In Boston, biotech-based food coloring company Phytolon and strain engineering firm Ginkgo Bioworks have successfully completed the first development milestone of their multi-product collaboration effort. Ginkgo and Phytolon’s partnership, which began in February 2022, aims to produce vibrant betalain pigments spanning the entire yellow-to-purple spectrum using cell engineering. The successful completion of the project’s first […]
In Boston, bioactives startup Ayana Bio has entered into a seven-figure joint development agreement with Wooree Green Science, a subsidiary of Wooree Bio. The collaboration aims to develop plant cell-derived saffron and other vital bioactive ingredients, specifically for health and wellness products targeting the South Korean market. Known for its potential to aid weight loss […]
