Tyson Ventures invests in food safety testing firm

Bloomberg

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. Tyson Ventures is looking to make investments in areas including innovative protein products and disruptive delivery channels etc.