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Market
Scale-up in Prolific Machines' production capacity by end of 2024?
5
Resolution / Starting Odds
10x current production capacity • 33%
20x current production capacity • 33%
50x current production capacity • 34%
Official press release or industry report
Story
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.'
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