A Seattle-based startup that focuses on technology to infuse products such as sugar with THC has raised $410,000 to help fund its growth.
DeepCell Industries, which isn’t a marijuana plant-touching company but stays strictly on the tech-development side, licenses its technology to cannabis product manufacturers, according to GeekWire. The company already has trademarked tech licensed to a firm called Green Labs that pays DeepCell for its Ruby Cannabis Sugar brand, which infuses sugar with cannabinoids.
DeepCell is also developing cannabis salt and a separate cannabis sweetener, GeekWire reported, with just four employees on board.
The capital raise is part of a larger $450,000 seed round, according to GeekWire, and the company declined to identify its investors.