Pow.Bio, a Berkeley, CA-based startup developing intelligent continuous fermentation technologies for sustainable biomanufactured products, raised USD9.5m in Series A funding.
The round was led by Re:Food, Thia Ventures and Hitachi Ventures with participation from Possible Ventures, XFactor Ventures, Bee Partners, iSelect, Climate Capital, Vectors Angel, Better Ventures, and Cantos.
The company intends to use the funds to expand operations with a demonstration plant in Alameda, California, that can deploy their intelligent continuous platform at scale.
Led by CTO and founder Ouwei Wang, and CEO Shannon Hall, Pow.Bio is developing intelligent continuous fermentation technologies to unlock the future of sustainable biomanufactured products. The technology stack features AI-controlled, automated fermentation software that integrates with a novel fermentation system yielding highly-efficient continuous fermentation capabilities.
Integrated within the Pow.Bio system is an intelligent AI-controlled software known as SOFe, that accelerates process optimization and will drive autonomous operation.
The Alameda site is engineered for the seamless transition from gram-scale experimentation to the production of hundreds of kilograms of finished products. This facility will serve as a blueprint for commercial-scale deployment of the platform for the production of a wide range of biology-based products.
FinSMEs
05/10/2023