Official press release or financial news reporting

Prolific Machines Secures $55M to Revolutionize Lab-Grown Protein Production Using LED Lamps

Jun 6, 2024, 02:01 PM

Prolific Machines has secured $55 million in Series B funding to advance its innovative biomanufacturing technology. The company aims to commercialize a method for growing cells using LED lamps, which could revolutionize the production of lab-grown proteins for food and medicine. This approach promises to improve the efficiency of bioreactors for producing proteins, antibodies, and cultivated meat. Despite a general decline in investor interest in new-age food and lab-grown meat startups, Prolific Machines has attracted significant investment due to its promising technology. TechCrunch reported that the CEO described the technology as 'sounding too good to be true.'