Avisa Myko (Pre-Seed)

Traction: The company has scaled up production, sold Melanin worth $80,000, and completed the proof of concept of sunscreen with Melanin having SPF 30. They are also conducting pilot projects for various applications.
Founders: Sheshagiri Raghukumar, Ravi Adgulwar
Company Description: The team at Avisa Myko has developed a fermentation-based technology to produce Soluble Melanin at a significantly lower cost compared to existing methods. They are the world's first commercial melanin company with the capability to produce melanin at scale and an affordable cost. Melanin is a multifunctional super material with properties such as UV blocking, radiation blocking, electrical, and semiconductor properties. Their technology addresses the challenge of producing melanin in sufficient quantities and at an affordable price, enabling various applications such as sunscreen, hair dye, fire retardant coating, and bio sensors.
Market: Sustainable Manufacturing
Location: United States