NotCo vs Daring Foods
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.
Plant-based chicken brand in 15,000+ US doors (Walmart, Target, Whole Foods, Sprouts); acquired by Australian v2food in Jul 2025 but continues to operate independently; raised $120M+ total; expanding with methylcellulose-free products in 2026.
About
Daring Foods is a plant-based chicken company founded in 2018 by Ross Mackay and Eliott Kessas that produces non-GMO, high-protein plant-based chicken alternatives designed to mimic the taste, texture, and versatility of conventional chicken. The company''s product lineup includes plain, lemon & herb, southern fried, buffalo, and breaded plant-based chicken pieces, available in grocery retail and foodservice channels. Daring''s products are free from artificial ingredients, high in protein, and certified non-GMO, positioning the brand at the intersection of convenience and clean-label plant-based nutrition.
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