Failed 2024
SciFi Foods
Lab-grown meat at $50+/pound can't compete with conventional beef at $5/pound. The cost gap remains enormous.
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 (formerly Artemys Foods) developed lab-grown beef using CRISPR-edited cells. Despite $40M in funding and backing from Bill Gates' Breakthrough Energy, the production costs remained orders of magnitude higher than conventional meat. With consumer acceptance uncertain and regulatory pathways slow, SciFi Foods shut down in 2024.
Could This Failure Have Been Prevented?
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