Company Research Report: UPSIDE Foods
Company Overview
Name, Mission of the Company
- Name: UPSIDE Foods
- Mission: UPSIDE Foods aims to cultivate a more efficient, humane, and future-friendly way to grow delicious, high-quality meat for food lovers everywhere.
When Was the Company Founded and By Whom
- Founded: The company was founded in 2015.
- Founders: Dr. Uma Valeti, M.D., Cardiologist.
Key People in the Company
- Uma Valeti, M.D.: CEO and Founder
- Amy Chen: Chief Operating Officer
- Bob Kiss, Ph.D.: Senior Director, Upstream Development
- Sean Edgett: Senior Vice President and General Counsel
- Mark Juhas: Senior Director
- Rachel Valenzuela: Director, Discovery
- Sheetal Shah: Leads commercial supply chains and manufacturing operations
- Michelle Kwait: Human Resources Leader
Where is the Company Headquartered
- Headquarters: Located in the middle of a California neighborhood.
Number of Employees
- No information is available.
Revenue of the Company
- No information is available.
What is the Company Known For
- Known for: Pioneering cultivated meat directly from animal cells, including chicken filets, beef meatballs, and duck.
Products
What Products Do They Offer
- Primary Product: Cultivated Chicken Filet
- Other Products: Cultivated Beef Meatball, Breakfast Sausages, Chicken Patties, Potstickers.
High-Level Description of the Product
- Cultivated Chicken Filet: Grown from animal cells to produce meat without raising and slaughtering animals. It emulates the taste, texture, and nutritional profile of traditional chicken.
Key Features of Each Product
- Cultivated Chicken Filet:
- Flavorful: Designed to be flavorful and juicy from the first bite to the last.
- Humane: Meat is grown in a controlled environment without slaughtering animals.
- Safety: Approved by the FDA, concluding it as safe to eat.
- Versatility: Can be grilled, sautéed, broiled, or fried similar to conventional meat.
- Beef Meatball & Other Products: No detailed features are available.
Recent Developments
What are the Recent Developments in the Company
- Compliant with FDA safety guidelines and awaiting USDA approval for market release of their cultivated chicken filets.
- Opened EPIC, the world’s most advanced cultivated meat production facility capable of producing 50,000 lbs. of meat annually, with expansion potential of up to 400,000 lbs.
What are the New Products Launched
- New Product: Cultivated Chicken Filet
- New Product Expansion: Cultivated ground chicken as a second product.
What are the New Features Added to the Existing Products
- No detailed features are available on new additions or changes.
Any New Partnerships
- Partnered with 3 Michelin-star chef Dominique Crenn.
- Partnership and investment from notable industry giants such as Tyson Foods, and supported by investors like Bill Gates and SoftBank Group.
- Collaboration with the North American Meat Institute to support federal regulations for cultivated meat.
Additional Information
- Corporate Social Responsibility: Focused on reducing environmental impact—saving water, land, and reducing CO2 emissions considerably.
- Technology and Innovation: Proprietary technology to harvest meat directly from animal cells.
- EPIC Facility: Engineering, Production, and Innovation Center, specifically designed for producing cultivated meat.
This report encapsulates the pivotal details about UPSIDE Foods, grounded in the existing expanses of publicly available data without speculative commentary.
