Total amount raised
$96.9 Millions
Latest funding date
9/1/2023
Location
Miso Robotics has successfully raised significant funding through multiple rounds, with notable investments from Ecolab and Yosef Hertz. The company's innovative AI-driven robots, such as the Flippy Fry Station, are designed to revolutionize the restaurant industry.
Keep reading to explore the intricacies of Miso Robotics' fundraising journey and the investors backing this cutting-edge technology.
What Is Miso Robotics?
Miso Robotics, founded in 2016, is based in Pasadena, California. The company specializes in developing AI-driven robots to assist in commercial kitchens, enhancing efficiency and consistency in food preparation.
Founded by Buck Jordan, David D. Zito, Robert Anderson, and Ryan Sinnet, Miso Robotics has made significant strides in the restaurant industry with products like the Flippy Fry Station. These innovations aim to address labor challenges and improve kitchen operations.
With a team of 51-100 employees, Miso Robotics continues to push the boundaries of kitchen automation, offering solutions that streamline back-of-house operations and elevate the culinary experience.
How Much Funding Has Miso Robotics Raised?
- Venture Round
- Amount Raised: $551.4K
- Date: September 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and enhance their AI-driven kitchen solutions.
- Corporate Round
- Amount Raised: Not publicly disclosed
- Date: May 2023
- Lead Investors: Ecolab
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand strategic partnerships and integrate advanced sanitation technologies.
- Venture Round
- Amount Raised: $541.9K
- Date: December 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale production and improve the Flippy Fry Station.
- Series D
- Amount Raised: $35M
- Date: June 2021
- Lead Investors: Equity Crowdfunding
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate market expansion and enhance product offerings.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: March 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing R&D and product development.
- Series C
- Amount Raised: $17M
- Date: January 2021
- Lead Investors: Equity Crowdfunding
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and increase production capacity.
- Equity Crowdfunding
- Amount Raised: Not publicly disclosed
- Date: October 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To engage with a broader investor base and raise capital for growth.
- Equity Crowdfunding
- Amount Raised: $4.5M
- Date: July 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund the development of new robotic kitchen assistants.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: June 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance AI capabilities and improve product features.
- Equity Crowdfunding
- Amount Raised: $25M
- Date: April 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and meet increasing demand.
Total Amount Raised: $83.5M. Current Valuation: Not publicly disclosed.
Key Investors
- Ecolab
- Details: Ecolab is a global leader in water, hygiene, and energy technologies and services. The company provides comprehensive solutions and on-site services to promote safe food, maintain clean environments, and optimize water and energy use.
- Investment Focus Areas: Water, hygiene, energy technologies
- Notable Investments: Not publicly disclosed
- Yosef Hertz
- Details: Yosef Hertz is an individual investor known for his involvement in various technology startups. His investment portfolio includes a range of innovative companies in the tech sector.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
- Acacia Research Corporation
- Details: Acacia Research Corporation invests in technology and intellectual property. The company partners with inventors and patent owners to unlock the value of their patented innovations.
- Investment Focus Areas: Technology, intellectual property
- Notable Investments: Various technology ventures
- Levy
- Details: Levy is a company renowned for its expertise in the food and hospitality industry. They provide premium dining experiences at major sports and entertainment venues.
- Investment Focus Areas: Food service, hospitality
- Notable Investments: Food service innovations, hospitality solutions
- Cali Group
- Details: Cali Group is the owner of CaliBurger, a fast food restaurant chain. The company focuses on integrating advanced technology into its operations to enhance customer experience.
- Investment Focus Areas: Fast food operations, technology integration
- Notable Investments: Robotics, AI in food service
What's Next for Miso Robotics?
As Miso Robotics looks to the future, the opportunities are vast. The deployment of Flippy in fast food chains and restaurants is just the beginning. With plans to expand to 50 CaliBurger locations, the potential for broader adoption in various food service operations is immense. This growth could attract further investments, enabling the development of more advanced robotic kitchen assistants.
However, challenges lie ahead. Ensuring that robots adhere to food safety guidelines and integrating them seamlessly into existing kitchen operations will be crucial. Additionally, competition from other companies developing similar solutions could pose a threat. Despite these hurdles, the increasing use of AI and robotics in commercial kitchens signals a promising future for Miso Robotics.
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