Miso Robotics Recently Acquired Large Funding From Multiple Investors
Justin Lam — February 16, 2018 — Tech
References: venturebeat & techcrunch
Miso Robotics funding has garnered $10 million to bring its burger-flipping robot to larger markets. The robot, known as Flippy, uses a proprietary AI combined with a combination of cameras, thermal scanners and lasers to accurately and precisely cook and assemble a hamburger. In 2018 Flippy will begin seeing use at a CaliBurger in Pasadena, and will expand to 50 CaliBurger locations by the end of 2019.
This Miso Robotics funding will be used to further the development and production of its kitchen assistant and AI program. CEO/co-founder Dave Zito explained that this new funding indicated a direct interest in the company and the potential they offer. This new round of investment saw many returning companies, but also included new investors, including, Levy, a Chicago-based hospitality company that runs restaurants and vending machines in entertainment and sporting venues in the U.S. and U.K. Levy's participation is promising for Miso Robotics as the company could begin supplying robots to sporting venues across the world.
This Miso Robotics funding will be used to further the development and production of its kitchen assistant and AI program. CEO/co-founder Dave Zito explained that this new funding indicated a direct interest in the company and the potential they offer. This new round of investment saw many returning companies, but also included new investors, including, Levy, a Chicago-based hospitality company that runs restaurants and vending machines in entertainment and sporting venues in the U.S. and U.K. Levy's participation is promising for Miso Robotics as the company could begin supplying robots to sporting venues across the world.
Trend Themes
1. AI-powered Food Service Robots - The funding acquired by Miso Robotics indicates a growing interest in the development and implementation of AI-powered robots in the food service industry.
2. Automated Burger Assembly - Miso Robotics' Flippy robot, with its ability to accurately cook and assemble burgers, presents disruptive opportunities for streamlining food preparation processes in the fast food industry.
3. Expansion of Robotic Automation in Hospitality - The involvement of investors like Levy suggests a potential for robotic automation to expand beyond the food service industry and into other hospitality sectors, such as sporting venues.
Industry Implications
1. Food Service - The funding Miso Robotics received highlights the potential for disruptive innovation in the food service industry through the integration of robotic technologies.
2. Fast Food - The automated burger assembly capabilities of Miso Robotics' Flippy robot indicate a potential for disruptive innovation in the fast food industry, allowing for increased efficiency in burger production.
3. Hospitality - The interest from investors like Levy suggests that the hospitality industry, including entertainment and sporting venues, could benefit from the integration of AI-powered robots for improved efficiency and customer service.
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