Announced
Synopsis
UMAMI Bioworks, an automated and modular platform for cultivating seafood using advanced stem cell biology, machine learning, and automation, agreed to merge with Shiok Meats, a company in cultivated meat and seafood, from Agronomics, a listed venture capital firm. Financial terms were not disclosed. “Uniting UMAMI’s platform technologies around continuous biomanufacturing and machine learning-based automation with Shiok Meats’ groundbreaking crustacean work offers an expedited path to the cultivation of a range of sustainable seafood products. The technological and business synergies of this merger represent a vital strategic step towards addressing the critical challenges of cultivated seafood production and advancing our mission to supply sustainable, not-caught seafood without compromising the planet’s health,” Mihir Pershad, UMAMI Bioworks CEO.
Principals
Show Details & Financials
Did you work on this deal?
Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.