Fungi-based protein start-up, Kernel Mycofoods, has raised in excess of $15 million in an institutional funding round.

Kernel uses artificial intelligence (AI) and computer vision to improve the fungi fermentation techniques of existing and approved strains.

“Biotechnology and AI are beginning to converge, and by harnessing them, we will reduce both price and time to market,” said Kernel COO, Lucas Gago.

The funding was led by Union Group Ventures, and Kernel Mycofoods says that the investment conglomerate has become a substantial stakeholder in the business.

According to Kernel, it will use the funds to support its expansion, as well as sustainability related research and development.

The company is aiming to increase its production capacity to more than 50,000 tonnes per year and plans to build several new facilities.

Oscar Leon, director of Union Group Ventures, said: “We are delighted to support Kernel’s vision to become the future of food”.

#alternativeproteins #KernelMycofoods