Israeli cultivated meat producer Aleph Farms has secured $29 million in funding to expand production capacity and enhance efficiency. The company plans to use the capital to grow its pilot facility in Israel and establish production sites in Europe and Asia. Aleph Farms has developed an updated production platform that eliminates the need for additional equipment, resulting in a 97% reduction in production costs since 2020.

In addition to expanding its presence in Israel, Aleph Farms is preparing for international expansion, with regulatory filings underway in various countries. The company has also partnered with biomanufacturing firms in Thailand to set up the country's first production plant for cellular agriculture. While the cultivated meat sector is experiencing a market correction, Aleph Farms remains optimistic about its long-term growth potential and is confident that the current investment climate presents an attractive opportunity for new investors to enter the market.