Sundial Foods, a California-based alt meat startup known for its innovative protein-structuring technique, has shut down and sold its intellectual property to a large, undisclosed European food company. Founded in 2019 by Jessica Schwabach and Dr. Siwen Deng, the company participated in the Nestlé R&D Accelerator and gained attention for its plant-based chicken wings made from chickpeas and sunflower oil. CEO Schwabach noted that the challenging fundraising environment led to the decision, believing the new owner could better scale the technology.
