Robotics & Automation News

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crowdfunding

Abundant Robots launches to help farmers streamline harvesting process

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Abundant Robots, a startup automating the apple harvesting process to deliver high-quality produce to consumers, has launched to raise up to $20 million in seed capital via equity crowdfunding site WAX.

The launch comes just weeks after the corporate innovation venture studio and startup incubator Wavemaker Labs Asia (agtech-focused division of Wavemaker Labs’ overall brand) purchased Abundant Robotics’ intellectual property.

This acquisition is part of Wavermaker Labs’ larger strategy to bring intelligent automation solutions to market and help shape a future of food that is more efficient and sustainable, and is filled with prosperity, thoughtful sourcing and improved food quality from seed to fork. [Read more…] about Abundant Robots launches to help farmers streamline harvesting process

Miso Robotics opens Series E funding round after already raising $50 million

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Miso Robotics, the robotics company specialising in the restaurant industry with, is opening its Series E funding round after raising more than $50 million through equity crowdfunding in its Series C and D.

The company is aiming to raise $40 million this round and plans to use the new capital to more rapidly satisfy the product demand it is facing in the marketplace, as well as grow its workforce, which has more than tripled in size in the past year.

It is currently accepting investment reservations in this round while it undergoes the SEC review process.  [Read more…] about Miso Robotics opens Series E funding round after already raising $50 million

White Castle orders 100 fast-food robots from Miso Robotics

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White Castle, an American fast-food restaurant chain specialising in burgers and fries, has ordered 100 “Flippy 2” robotic frying cells from Miso Robotics, a company which has developed a range of robotic systems for the catering industry. (See video below.)

White Castle has almost 400 locations across the US and approximately 10,000 employees. With the installation of the robots – mainly the “Flippy 2” model (main picture) – many of its employees who were on frying duty will be put to different tasks. The company has been testing Miso robots since September 2020, and upgraded to Flippy 2 in November last year. .

Jeff Carper, chief operating officer at White Castle, says: “Our partnership with Miso continues to lead the way on what’s next for back of house restaurant operations looking to empower team members with technology to better satisfy customers. [Read more…] about White Castle orders 100 fast-food robots from Miso Robotics

Blendid closes second oversubscribed crowdfunding campaign, raising total of $20 million

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Blendid, a food automation and robotics company which has built a robotic kiosk (see video below), has closed its latest oversubscribed round of crowdfunding. 

Hitting its $2 million target via 1,475 individual investors during a four-month campaign on StartEngine, Blendid has now raised a total of $20 million in investment through a combination of traditional venture capital, strategic investors and crowdfunding.

During its crowdfunding effort, Blendid signed a commercial agreement with a major commercial food service operator, which also made a strategic investment in the company, to help scale its manufacturing and operations so Blendid can achieve its mission of making healthy food more personalized and accessible nationwide. [Read more…] about Blendid closes second oversubscribed crowdfunding campaign, raising total of $20 million

Briefing – Investing in robotics and automation: Supporting ideas through crowdfunding platforms

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In this article, Robotics and Automation News takes a look at crowdfunding platforms

If you’ve got some money to invest, you may have considered, or even participated in, a crowdfunding campaign. 

You wouldn’t be alone, of course, since literally billions of dollars have been raised in the past few years through such platforms.

The giants of the crowdfunding market are names you may be familiar with – Kickstarter and Indiegogo come to mind immediately.  [Read more…] about Briefing – Investing in robotics and automation: Supporting ideas through crowdfunding platforms