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Tech & Innovation
A plant-based burger from SavorEat. Courtesy.
An Israeli firm that combines 3D-printing technology from a smart robot, an innovative plant-based formula, and advanced cooking methods to create meat alternatives, became the first food tech company to hold an initial public offering (IPO) of shares on the Tel Aviv Stock Exchange (TASE).
The company, SavorEat, announced last week that it has raised NIS 42.6 million (about $13 million) in the offering from leading Israeli institutional investors. The company’s valuation for the offering was NIS 170 million ($50 million.)
A meat alternative from SavorEat. Courtesy.
Founded in 2018 and based in Ness Ziona, SavorEat uses a “Robot Chef” that combines an automatic cooking process, proprietary 3D printing technology, and cartridges with plant-based ingredients to develop “a new generation of meat replacing products,” says SavorEat CEO Racheli Vizman. These products “recreate the unique exper ....

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