Hyphen, an automation company that uses software and robotics to help improve efficiency and consistency in commercial kitchens, has raised $24 million in Series A financing led by Tiger Global, with participation from Steve Fredette, the co-founder and president of Toast, Inc.
Existing investors who also participated in this oversubscribed round include Marc Rowan, co-founder and CEO of Apollo Global Management; Donald Moore, former chief culinary officer and EVP at The Cheesecake Factory; and more.
Hyphen has raised $34.4 million to date and will use the funds to build out their factory, expand into new markets, invest in research and dvelopment for next-generation products, and deploy with customers across the United States. [Read more…] about Hyphen raises $24 million to commercialise automated kitchen system
