Company Overview
Snapshot
Founded in June 2022 by Barak Manbar and Michael Kuflik, NAKI operates with 1–10 employees. The company has raised $1.5M across two funding rounds from one investor. In March 2023, NAKI secured seed funding from New Gate Capital.
Business overview
NAKI specializes in transforming untreatable sludge from the food industry into valuable material through a carbon-negative process. The company's core technology enables local biogas production at food industry facilities, offering additional revenue opportunities and contributing to a circular oil ecosystem. By utilizing food waste, NAKI aims to reduce landfill volumes and decrease reliance on imported feedstock for Sustainable Aviation Fuel (SAF), thereby supporting environmental sustainability by reducing carbon footprints and promoting resource efficiency.
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- What is NAKI's primary focus?
- NAKI focuses on converting untreatable sludge from the food industry into valuable material, such as Mida oil, through a carbon-negative process.
- When was NAKI founded and by whom?
- NAKI was founded in June 2022 by co-founders Barak Manbar, who serves as CEO, and Michael Kuflik, the CTO.
- What is the primary product developed by NAKI?
- NAKI's primary product is Mida Oil, which is produced from food industry waste. This Mida Oil is a biofuel feedstock that can be used to create sustainable aviation fuel (SAF) and other renewable energy products.
- What is NAKI's contribution to climate change mitigation?
- NAKI develops solutions to reduce CO2 emissions by replacing incineration processes and fossil fuels, and by preventing emissions through reduced waste transportation. For every ton of Mida oil produced, 14.9 tons of CO2 emissions are saved.