Tyson, ADM fund bid to bring cultivated meat to U.S.
Costs of the meat alternative continue to decrease, Future Meat Technologies said.
Future Meat Technologies raised $347 million in a series B funding round led by ADM Ventures, part of Archer-Daniels-Midland Co., and Tyson Foods Inc. The cultivated meat company plans to use the funding to build a U.S. production facility.
The facility will house stainless steel fermenters to support the…