Jeff Bezos-backed fake meat and dairy company NotCo raises $235M

NotCo, a Jeff Bezos-backed, fake meat and dairy company, has just joined the unicorn club.

The Chilean-based company, which uses an artificial intelligence program called Giuseppe to make plant-based milk and meat products, said Monday it has raised another $235 million in a funding round that values the company at $1.5 billion. NotCo said its latest round is being led by Tiger Global. Tennis great Roger Federer, race car driver Lewis Hamilton and DJ Questlove are becoming investors as well. Bezos invested $30 million in the company in 2019 when it launched mayonnaise that is made primarily from chickpeas.