Despite its name, Memphis Meats isn’t based in Memphis, and its meat isn’t made from animals — at least not in the conventional sense. The Bay Area-based food technology startup creates meat products from animal cells, which cuts out the need to raise, slaughter and process animals. The company’s process helps reduce waste and allow for more quality control.
Lab-grown meat might sound like a wild idea, but many investors believe in it — including Tyson Foods, which invested in the company in 2018. Memphis Meats has raised over $20 million in funding since its founding in 2015, according to Crunchbase.