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Miso Robotics Announces Equity Crowdfunding Round to Bring Intelligence to the Commercial Kitchen
The creators’ of ‘Flippy’ aim to raise up to $30 Million to Expand Robotics Software to Meet Food Service Demand
Press Release – November 7, 2019 (Pasadena) Miso Robotics – the inventors’ behind the grilling and frying sensation, Flippy – announces funding moves with a unique twist angled at bringing AI to robots for commercial kitchen deployment. In collaboration with SeedInvest (by Circle), a leading equity crowdfunding platform, and Wavemaker Labs, today Miso Robotics opens up reservations for a new series round of equity crowdfunding, targeting to raise up to $30 million.
The food service industry is seeing a 150 percent turnover in staffing just as the food delivery market is projected to hit $365B by 2030. Addressing food preparation speed and customer expectations for quality has never been more important to remain competitive. Miso Robotics is at the crossroads of a major market opportunity, with a proven track record of success.
Equity crowdfunding is an innovative form of fundraising that allows individuals outside the traditional venture capital model an opportunity to have personal stake in groundbreaking new industries, such as artificial intelligence, automation and robotics. Equity crowdfunding allows startups and private companies to raise money through the investment of relatively small amounts from a large number of investors.
With equity crowdfunding, Miso Robotics opens up investing opportunities for small-fund investors to capitalize on the future of the restaurant industry, becoming a driving force for adoption of kitchen assistants to overcome challenges facing the restaurant industry.
“We are thrilled to provide a new window of access into an innovative world where artificial intelligence can assist kitchen staff in meeting the fast-paced demands of the changing food-service industry,” said Buck Jordan, CEO and Co-founder of Miso Robotics. “Since its debut, Flippy has become a household name, we’re excited to bring fans along on our next journey, and venture towards growth.”
Miso Robotics has already raised nearly $15 million in earlier rounds of funding from investors including Wavemaker Labs, MAG Ventures, and CaliGroup. The company successfully debuted “Flippy” at CaliBurger’s Pasadena location prompting a further investment of $11 million from its parent company, CaliGroup, to integrate “Flippy” into more than 50 CaliBurger locations worldwide – the second location (CaliBurger 2.0) was recently announced and is set to open in Fort Myers, Florida soon. The company also successfully deployed Flippy to work at Dodger Stadium in Los Angeles and Chase Field in Phoenix.
To make your reservation go to: https://invest.misorobotics.com/
About Miso Robotics
Miso Robotics (www.misorobotics.com) is revolutionizing the restaurant and prepared food industries with innovative robotics and artificial intelligence solutions. Miso was founded with a mission to leverage AI technology to help chefs cook food perfectly and consistently and enable restaurants to increase labor productivity, reduce costs and drive profitability while improving the overall dining experience. Miso employs a respected team of roboticists, engineers and industrial designers from Caltech, Cornell, MIT, Carnegie Mellon, Art Center and UNC Chapel Hill.
About Wavemaker Labs
Wavemaker Labs is a corporate innovation studio that builds disruptive technologies for corporate partners that need to innovate and grow. Its goal is to help these partners think and execute like start-ups, and ultimately bring disruptive technology to market that advances their industry and business. Wavemaker Labs is a part of Wavemaker VC, a cross border venture capital firm founded in 2003. The firm is dual headquartered in Los Angeles and Singapore and has raised over $300M across multiple funds. Wavemaker is one of the most active early stage investors in Southern California and Southeast Asia and has invested in over 300 companies the last 15 years. For more information, visit http://wavemakerlabs.com/
SeedInvest is a leading equity crowdfunding platform that provides individual investors with access to pre-vetted startup investment opportunities. SeedInvest has funded over 150 startups and boasts a rapidly growing network of over 200,000 investors. SeedInvest has had over 15,000 startups apply to raise capital since inception and has only accepted ~1% of those companies to feature on the platform. For more information about SeedInvest, visit www.seedinvest.com
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