Solazyme

Solazyme (later rebranded TerraVia) was a publicly-traded biotechnology company that pioneered microalgae fermentation to create renewable oils and sustainable ingredients. Founded in 2003 by Jonathan Wolfson and Harrison Dillon in a Palo Alto garage, the company initially focused on biofuels before pivoting to food, nutrition, and personal care products. Solazyme rebranded as TerraVia in March 2016 to reflect its focus on food and nutrition, supplying algae-based food ingredients to brands including Hormel, Utz Quality Foods, and Enjoy Life Foods. TerraVia declared bankruptcy in August 2017 and its assets were acquired by Dutch biotechnology company Corbion for approximately $20 million.