NotCo vs Ben & Jerry's
Side-by-side comparison of AI visibility scores, market position, and capabilities
AI food tech unicorn using Giuseppe AI to reverse-engineer animal products from plants; ~$335M revenue; $1.5B valuation backed by Jeff Bezos and a16z; strategic joint venture with Kraft Heinz to develop plant-based versions of iconic CPG products.
About
NotCo is a Santiago, Chile-founded food technology company founded in 2015 by Matías Muchnick, Pablo Zamora, and Karim Pichara. The company is best known for its proprietary AI engine, Giuseppe, which analyzes the molecular composition of animal-based foods and identifies optimal plant ingredient combinations to replicate taste, texture, and nutrition. NotCo's consumer brand includes Not Burger, Not Chicken, Not Mayo, Not Milk, and Not Protein.\n\nNotCo has raised $428 million in total funding at a $1.5 billion valuation, backed by investors including Jeff Bezos, Andreessen Horowitz, L Catterton, and Tiger Global. Estimated annual revenue is approximately $335 million. The company has a strategic joint venture with Kraft Heinz to develop plant-based versions of iconic Kraft Heinz products under the NotCo brand, giving it access to mass market retail distribution.\n\nIn 2025, NotCo repositioned itself as a B2B platform business, offering its Concept Quant service — an end-to-end AI-powered product development tool — to CPG brands seeking faster, cheaper food and beverage innovation. This pivot reflects a broader industry shift toward software and AI licensing as a complement to physical product sales in food tech.
Super-premium ice cream brand with social activism heritage; Unilever-owned with independent mission board, navigating potential parent company ice cream division sale.
About
Ben & Jerry's is an iconic super-premium ice cream brand known for its chunky, creative flavor names, social activism, and commitment to business as a force for good. Founded in 1978 by Ben Cohen and Jerry Greenfield in Burlington, Vermont, the company was acquired by Unilever in 2000 for $326 million in a deal that included provisions to maintain the brand's social mission. Ben & Jerry's operates with an independent board that protects its social mission alongside its commercial operations within Unilever.
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