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Ryan Ozawa / Flickr Creative Commons

Soylent, Silicon Valley's favorite gray drink for people too busy to eat a meal, said on Thursday that it's raised $50 million in additional funding from GV, Google's VC arm, along with other existing investors.

Our thought bubble: The startup's new round of financing is quite surprising considering that Soylent has issued four product recalls over the last 18 months, the most recent being on April 24, less than two weeks ago. It's unclear how investors are interpreting these operational issues, though they're clearly looking past them.

Soylent, founded in 2013, made a splash in Silicon Valley as an easy way for busy entrepreneurs and tech employees to consume a nutritional meal in the form of a drink made with Soylent's powder, without bothering with real food. Since then, the company has developed new versions of its drink, added a morning meal alternative, as well as a food bar for a quick snack.

The deal: GV partner Andy Wheeler is joining Soylent's board as part of the deal, with Tao Capital Partners, existing investors, Lerer Hippeau Ventures, and Andreessen Horowitz also participating in the round. This brings Soylent's total funding to $74.5 million.

Note: Lerer Hippeau Ventures is an investor in Axios.

Go deeper

Mike Allen, author of AM
5 hours ago - Politics & Policy

Biden adviser Cedric Richmond sees first-term progress on reparations

Illustration: "Axios on HBO"

White House senior adviser Cedric Richmond told "Axios on HBO" that it's "doable" for President Biden to make first-term progress on breaking down barriers for people of color, while Congress studies reparations for slavery.

Why it matters: Biden said on the campaign trail that he supports creation of a commission to study and develop proposals for reparations — direct payments for African-Americans.

Cyber CEO: Next war will hit regular Americans online

Any future real-world conflict between the United States and an adversary like China or Russia will have direct impacts on regular Americans because of the risk of cyber attack, Kevin Mandia, CEO of cybersecurity company FireEye, tells "Axios on HBO."

What they're saying: "The next conflict where the gloves come off in cyber, the American citizen will be dragged into it, whether they want to be or not. Period."

Cedric Richmond: We won't wait on GOP for "insufficient" stimulus

Top Biden adviser Cedric Richmond told "Axios on HBO" the White House believes it has bipartisan support for a stimulus bill outside the Beltway.

  • "If our choice is to wait and go bipartisan with an insufficient package, we are not going to do that."

The big picture: The bill will likely undergo an overhaul in the Senate after House Democrats narrowly passed a stimulus bill this weekend, reports Axios' Kadia Goba.