Failed 2024
SciFi Foods
Lab-grown meat at $50+/pound can't compete with conventional beef at $5/pound.
Founded → Closed
2019 → 2024
Funding Raised
$40M
Industry
Food Tech/Lab Meat
Country
USA
IdeaProof AI Failure Score
55/100
Market Fit Risk
35
Burn Rate Risk
70
Founder Risk
15
Full Analysis
SciFi Foods developed lab-grown beef using CRISPR-edited cells. Despite $40M and backing from Bill Gates' Breakthrough Energy, production costs remained orders of magnitude higher than conventional meat. Shut down in 2024.
Could This Failure Have Been Prevented?
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