However, Shenderovich and Lachter say this will only be possible if bioproducts, for example, dairy protein, polymers and resins, reach cost parity to legacy products.Īnd right now, the infrastructure to properly scale “does not exist today” in a way that enables companies to make the quantity at the kind of quality that will meet future demand. government’s recent executive order on bio-manufacturing that wants to accelerate innovation in this area to meet goals around climate and energy goals, food security and sustainability and supply chains. On the investor side, the company said it is building an underwriting model to provide ESG investment opportunities. Synonym is developing both the standardized designs and underwriting standards for financing its fermentation farms so that companies will be able to easily utilize them to produce better quality bioproducts at lower costs than existing options. “This means focusing on hiring across our design, engineering and finance teams to lay the foundations for our first facility break-ground and accelerate our outreach for strategic partnerships across the value chain.” “We plan to use the capital to catalyze our facility development efforts,” CEO Shenderovich said. Shenderovich and Lachter closed on the funding this month and told TechCrunch via email that the pre-seed round “has allowed us to build an exceptional and well-rounded launch team and establish our product in the market.”
Compare CARE NEGLECT.Armed with $6.3 million in new pre-seed capital, Synonym Biotechnologies has begun the development phase for its first productized bio-manufacturing facilities for non-pharmaceutical applications.Įdward Shenderovich and Joshua Lachter started the company in January 2022 to develop, finance and build commercial-scale bio-manufacturing facilities to provide synthetic biology producers of all size with flexible production capacity while also giving infrastructure investors access to a new, carbon-negative bio-manufacturing asset class they are calling “fermentation farms.”Īndreessen Horowitz, Giant Ventures, Blue Horizon, Thia Ventures and other venture funds active in decarbonization were part of the investment.
Surveillance is an invidious term signifying watching with something of suspicion. Control is used chiefly with reference to restraint or the power of restraint a good horseman has a restless horse under perfect control there is no high character without self- control. A person may look over a matter in order to survey it carefully in its entirety, or he may look over it with no attention to the thing itself because his gaze and thought are concentrated on something beyond oversight has thus two contrasted senses, in the latter sense denoting inadvertent error or omission, and in the former denoting watchful supervision, commonly implying constant personal presence superintendence requires only so much of presence or communication as to know that the superintendent's wishes are carried out the superintendent of a railroad will personally oversee very few of its operations the railroad company has supreme direction of all its affairs without superintendence or oversight.
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