Just under three years ago, at the Computer Science Museum in Mountain View, Calif., The founders of a start-up company from Cambridge, England spoke to a host of celebrities, investors and entrepreneurs at Y Combinator’s August Demonstration Day promising a revolution in food science. .
Over the years, the event has grown into a relatively low-tech, low-budget showcase for a group of tech investors and billionaire industry insiders to take a look at start-ups that might be their next opportunity. a billion dollars.
Sharing the stage with other aspiring innovation-minded entrepreneurs, the Cambridge scientists were boasting of a technology that could produce a sweetener that not only mimics the taste of sugar, but also the caramelization and stickiness that makes sugar is the go-to additive for most of the approximately 74% of packaged foods that contain some form of sweetener. Their company, Cambridge Glycoscience could claim a huge share of a market worth at least $ 100 billion, they said.
Now the company has a new name, Supplant, and $ 24 million in venture capital funding to begin marketing its low-cost sugar substitute made from other waste…
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