Type Privately held company Website memphismeats.com | Industry Food technology Founded 2015 | |
 | ||
Founders Uma Valeti, Nicholas Genovese, Will Clem Headquarters San Francisco, CA, U.S. | ||
The world s first clean meatball memphis meats
Memphis Meats is a food technology company headquartered in San Francisco aiming to "remake modern animal agriculture" by growing cultured meat. The company was founded by three scientists: Uma Valeti (CEO), Nicholas Genovese (CSO), and Will Clem. Valeti is a cardiologist and medical professor at the University of Minnesota.
Contents
As of February 2016, it cost the company $18,000 to produce one pound of in-vitro beef, but the company expects to scale the process up and sell to consumers within five years. It is also experimenting with stem cells from pigs and chickens. Valeti claims that his product will be more sustainable than beef derived from butchering an animal, which requires 23-to-1 ratio of Calories used to Calories produced. Valeti claims that the company's process will reduce the ratio to 3-to-1. He also claims it will require 90% less water and land. In February 2016, the company revealed a video showing the "world's first cultured meatball." In March 2017, the company made another video, this time showcasing chicken tenders and duck a l’orange, the first cultured poultry-based foods shown to the public.