Tyson Ventures Invests in Food Safety Testing Firm Clear Labs
Method shortens testing turnaround times by up to five days
Clear Labs uses a robotic platform to improve food safety
By Lydia Mulvany, Bloomberg
April 11, 2019
Tyson Ventures has already made splashes buying stakes in alternative protein companies. Now, the venture capital arm of giant Tyson Foods Inc. is betting the meat industry will beef up its food-safety platforms.
The unit is investing in Clear Labs Inc., a food safety testing company that uses a robotic platform to detect pathogens like salmonella. The technology shortens turnaround times of current methods to 24 hours from three-to-five days. It’s Tyson’s first investment in the food-safety space, and likely not the last, said Reese Schroeder, managing director at Tyson Ventures.
Companies like Tyson use microbiology labs to test large volumes of raw-meat samples and other foods from processing plants along with equipment to ensure nothing contains food-upoisoning culprits like E. coli before entering commerce.
“If all goes as planned, this will be in lab settings and help us do that better, faster and more accurately,” Schroeder said. “We worked closely with our microbiology lab in evaluating companies, and this was a good first choice for a first investment in food safety.”
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