NotCo vs Liquid Death
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.
Punk-branded canned water and beverage brand projecting ~$340M in 2025 revenue with 40%+ gross margins; raised $264M total including a $55M debt round in Dec 2024 at a ~$1.4B valuation.
About
Liquid Death is a beverage company that weaponized heavy-metal branding to disrupt the bottled water and sparkling beverage category. Founded in 2019 by Mike Cessario, the brand sells mountain water, sparkling water, and flavored iced teas in recyclable aluminum cans under the mantra "Murder Your Thirst." The company's irreverent marketing — featuring death metal imagery, skull logos, and viral shock-humor campaigns — has attracted a fiercely loyal Gen Z and millennial consumer base and placed Liquid Death in major retailers including Whole Foods, Target, Walmart, and 7-Eleven as well as every major sports and entertainment venue.
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