Foray Bioscience Secures $3M in Seed Funding to Expand Plant Cell Culture Platform
Slice of Manufacturing Team
07/04/2024
Key Highlights:
- Foray Bioscience raises $3M in seed funding led by ReGen Ventures.
- Funding to expand predictive plant cell culture platform and launch product development.
- Boston-based team expansion and new leadership appointments.
- Focus on plant conservation, restoration, and production using plant cell culture.
Source (Business Wire)
Quotes
“ “We believe plant cell culture is a critical and underutilized tool for plant conservation, restoration, and production. With Foray’s technology, our goal is to make biomanufacturing accessible across species and applications by significantly reducing the barriers to entry.” ”
Dr. Ashley Beckwith, Founder and CEO at Foray
Our Take:
Foray Bioscience's recent $3 million seed funding round marks a significant milestone in the advancement of biomanufacturing technology. By leveraging plant cell culture, Foray is poised to address critical issues in plant conservation and production. The company's innovative approach, driven by a predictive database and advanced optimization strategies, promises to make plant cell culture more accessible and efficient. This development is particularly timely given the growing environmental challenges and the urgent need for sustainable solutions in plant-sourced goods. With strategic investments and a strong leadership team, Foray is well-positioned to lead the way in sustainable biomanufacturing and contribute meaningfully to the restoration of natural ecosystems.
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