Bioscience startup Protera has raised $10 million in its Series A funding round. The round was led by Sofinnova Partners, with participation from Bimbo Group and ICL Planet.
ICL and Protera Biosciences Partner for AI-Driven Precision Fermented Ingredients
ICL Food Specialties of Israel has joined forces with Chile’s Protera Biosciences, an AI-driven food tech startup and designer of novel proteins used to develop precision fermented ingredients for food manufacturers. Protera closed a $10M Series A round last year, while ICL employs more than 12,500 people worldwide, and reported revenues in 2021 of around $7 billion. Through the newly announced partnership, ICL and Protera will develop and commercialize sustainable protein-based ingredients using precision fermentation. These ingredients, according to the company, will “improve the sensory properties in plant-based food applications, while positively impacting the world’s food security challenges.” Deep-learning platform Protera’s AI tech, called madiTM, a deep-learning platform, can predict and match the structure and functionality of vegetable proteins. It designs proteins from a database …