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Cana Technology Secures Funding for Beverage Printer

January 21, 2022
Cana Technology Secures Funding for Beverage Printer

Cana Technology Unveils Molecular Beverage Printer

After almost four years of development, Cana Technology is launching what it describes as the “world’s first molecular beverage printer.” This unveiling follows a $30 million funding round secured from venture foundry The Production Board.

How the Beverage Printer Works

The device functions similarly to a SodaStream combined with a computer printer. This smart, connected appliance, approximately the size of a toaster, is designed for kitchen countertop use. It’s capable of creating a vast array of beverages – including juices, coffees, and cocktails – by recombining ingredients with water directly in your home, all from a single “printer” cartridge, controlled via a touchscreen interface.

The Science Behind Molecular Beverage Creation

Cana’s innovation lies in its “molecular” technology. The company focused on identifying the fundamental components of beverages. Essentially, they deconstructed drinks to determine the elements responsible for their distinct flavors, as explained by Lance Kizer, Cana’s chief science officer, to TechCrunch.

Removing water reveals that the actual consumable portion of a drink constitutes only 5% to 10% of the total volume. Cana concentrated these key ingredients and loaded them into a cartridge capable of holding over 100 different beverage formulations. The company has established partnerships with existing brands and also developed its own unique combinations.

Ingredient Quality and Beverage Variety

“We are utilizing the very same ingredients found in the drinks you already consume; we are not attempting to recreate them,” Kizer stated. Quality is a primary focus, and Cana is pioneering a new method of beverage production, having already created hundreds of distinct recipes.

Customization and Convenience

Beyond the extensive drink selection, users can personalize beverages to their preferences. Adjustments can be made to sugar content, and for alcoholic drinks, the alcohol level can be modified. During a product demonstration, several drinks – cold brew coffee, root beer, and a black cherry mojito – were sampled, exhibiting bolder flavors and a remarkably smooth finish compared to conventional options.

Cartridge Management and Sustainability

Each cartridge provides enough ingredients for one to three months of beverage consumption. The device automatically detects low cartridge levels and initiates reordering. Furthermore, the cartridges are designed for return and recycling, according to Kizer.

Environmental Impact and Industry Disruption

Cana’s overarching goal is to revolutionize the $2 trillion beverage industry while simultaneously reducing waste and conserving water. CEO Matt Mahar estimates that the prototype could save a typical American household approximately 100 beverage containers each month. At a larger scale, Cana aims to decrease the use of plastic and glass containers, minimize water waste, and reduce CO2 emissions from the global beverage manufacturing process by over 80%.

Investment and Future Growth

The recent funding will be primarily allocated to strengthening the supply chain and furthering technological advancements, Mahar explained. Currently employing 35 individuals, the company anticipates doubling its workforce within the current year.

Pricing and Availability

While the final price point is still being determined, Mahar confirmed that the device will offer a lower cost per use compared to purchasing beverages at retail. He expects to release comprehensive pricing details and availability information by the end of February.

The Production Board’s Perspective

Bharat Vasan, president and COO of The Production Board, highlighted the firm’s investment in numerous food-related companies. He emphasized the Cana team’s appeal due to their ambitious vision and their innovative integration of hardware, software, and science.

A New Paradigm in Beverage Consumption

Vasan likened Cana’s device to “the Netflix of beverage experiences.” He also suggested that the core concentration technology could be applied to other product categories, such as perfumes and cosmetics.

“This represents a shift in how products are manufactured and distributed,” he said. “Traditional manufacturing centralizes production and relies on extensive shipping networks. Now, a different delivery system – directly to the consumer’s home – can circumvent supply chain limitations. The beverage printer is just one example of this evolving model.”

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