Melbourne's MEQ has raised $6m for its AI enabled meat tech
An Australian agtech company has just raised $6 million for the AI technology it's been developing to improve the quality of red meat.
Have you ever sat down to dinner and wondered what AI model is making your steak so tender? Me neither. But maybe, someday, we might.
Australian agtech startup MEQ, recently closed a $6 million Series A led by Queensland family office, Romann and including US-based sustainability expert, Trevor Hardy, along with existing investors.
The company has created a suite of hardware products that harness the power of AI and machine learning to instantly assess the quality of red meat across the supply chain - from a live cow to a carcass. Something they've been working on since 2015.
Co-founder and CEO Remo Carbone told Capital Brief that in order to extract enough information to determine the biology of meat in real time, as well as predict what it might be in the future, they use a combination of spectral analysis, machine learning and AI modelling.
"When you're dealing with a subject matter, like biology, which is different on a carcass by carcass basis, you've got the requirement to build a model that can work on a [cattle] population irrespective of geography, and breed and date of feed and all these sort of things," he says.
"We then need to be to be able to take that data and say 'what does that actually mean'? What can you tell me about the biology of that particular piece of beef?”
