The world’s first commercial cultured meat production facility has become operational in Singapore. In a separate development in the city-state, AR and AI startup BuzzAR has raised $630,000.
World’s first commercial cultured meat production facility opens
Singapore-based contract manufacturer Esco Aster, a subsidiary of Esco Lifesciences, has opened the world’s first commercial cultivated meat production facility in July in Singapore, The Straits Times reported.
The facility helps San Francisco-based alt protein firm Eat Just produce its cell-based chicken bites, which was also the world’s first cultivated meat product to receive regulatory approval for sale. Before this facility opened, Eat Just’s cultivated chicken could not be produced in Singapore.
Eat Just told the news outlet that its cultivated chicken is being assessed by regulators in other jurisdictions including the US and the Middle East. The firm previously announced plans to set up a cultivated meat facility in Qatar.
In May this year Eat Just’s GOOD Meat division secured $170 million in new funding, backed by UBS O’Connor, Graphene Ventures, and K3 Ventures.
In December 2020, the Singapore Food Agency, which is responsible for ensuring the country’s food safety and security, gave Eat Just the greenlight to sell its lab-grown cultured chicken meat — a first by any regulator globally.
Its peer Shiok Meats, a cell-based crustacean meat startup, announced that it has raised an undisclosed amount in a bridge funding round that brings its total funding to approximately $30 million to date.
BuzzAR raises $630K from Choco Up
Singapore-based augmented reality (AR) and artificial intelligence (AI) startup BuzzAR has received $630,000 in funding from financing platform Choco Up.
The funding will allow BuzzAR to develop localised marketing campaigns across Asia-Pacific and the US as it tries to increase its B2B partnerships. The firm is ramping up B2B partnerships in response to rising demand, it said in a statement. BuzzAR offers AI and AR services to companies in China and Singapore.
BuzzAR was co-founded in 2018 by lawyer-turned-entrepreneur Bell Beh and tech entrepreneur Ken Lim.
Also founded in 2018, Choco Up is a revenue-based financing and growth platform, offering flexible, non-dilutive funding solutions. It makes use of data-driven fintech platforms to automate growth fund deployment.