Competition heats up to perfect the faux turkey
Thanksgiving usually means turkey. A handful of startup entrepreneurs and food scientists, however, are hoping to disrupt the tradition by perfecting a substitute that tastes just like the real thing. In North Carolina, a poultry scientist is deploying a technology called in vitro meat cultivation to make turkey, MIT Technology Review reports (albeit at an initial cost of $34,000). Meanwhile, venture-backed Memphis Meats, which develops meat products grown from animal cells, chose meatballs as its first product to unveil. But the San Francisco startup has long-term plans to get into turkey, TechCrunch reports.
Geofeedia, a social-media monitoring platform that drew fire for enabling law enforcement surveillance, has let go 31 of its approximately 60 employees after losing access to Twitter and Facebook data streams, the Chicago Tribune reports. The Chicago-based company previously raised $17 million from investors including In-Q-Tel, the CIA’s venture fund.
Zola said to raise $25M for wedding registry
Zola, an online wedding gift registry platform, has signed term sheets on a $25 million Series C round led by Lightspeed, according to a TechCrunch report citing unnamed sources. New York-based Zola previously raised about $16 million.
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