Tuesday, April 7, 2020

Miso Robotics Boots Up Crowdfunding Campaign, Seeks $30M

Pasadena-based Miso Robotics, which is developing robots for the quick serve restaurant industry, says it has launched a new Series C crowdfunding campaign, where it hopes to raise a total of $30M in funding. According to the company, it has over $2.6M in "reservations" as part of the round, which it says it is running in collaboration with SeedInvest and Wavemaker Labs. The company said it is using artificial intelligence and machine learning to develop robots to complete "mundane tasks" in the kitchen. The company's first robot "Flippy" is installed at the Pasadena CaliBurger. The company said it had a $80M pre-money valuation in 2019. The company says that individual investors can make investments in the crowdfunding effort for a minimum of $1500. Miso Robotics is being led by CEO Buck Jordan.

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