Core Insights - Aleph Farms has received the first regulatory approval for producing and selling cultivated beef globally, marking a significant milestone in the cultivated meat industry [1][2][8] Company Overview - Aleph Farms was founded in 2017 by Didier Toubia, in collaboration with The Kitchen Hub and Technion – Israel Institute of Technology [1] - The company has attracted significant investment, including a $105 million Series B funding round in July 2021, with notable backers such as BRF and Thai Union Group [3] - Aleph Farms aims to achieve EBITDA profitability by the end of 2028 [10] Regulatory Developments - In December 2023, Aleph Farms received a "no questions" letter from Israel's Ministry of Health for its cultivated-beef product, Petit Steak, after a rigorous review process [8] - The approval allows Aleph Farms to be the first producer and marketer of cultivated meat in Israel and the Middle East [9] Market Expansion - Aleph Farms is working on product development in collaboration with Japan's Mitsubishi Corp. and has submitted applications to sell its Aleph Cuts product in Switzerland and the UK [2] - The company plans to establish a lab-grown production facility in Thailand and has signed an agreement with The Cultured Hub for its first European production base in Kemptthal, Zurich [10][11] Industry Trends - The cultivated meat industry is approaching a pivotal moment where products may soon be available on supermarket shelves, driven by advancements in production and regulatory approvals [4][7] - Other companies in the sector, such as Upside Foods and Mosa Meat, are also making strides in regulatory approvals and product development, indicating a growing competitive landscape [12][17]