- General
- November 1, 2018
- 4 minutes read
Food robotics startup Zume reportedly gets $375 million investment from Softbank
Zume Co-Founder and CEO Julia Collins (Right) speak onstage during TechCrunch Disrupt SF 2017 image credit : TechCrunch on Flickr…
Zume Co-Founder and CEO Julia Collins (Right) speak onstage during TechCrunch Disrupt SF 2017
image credit : TechCrunch on Flickr
|
Zume, A Mountain View based startup known for operation of an automated pizza delivery restaurant that uses robots for many processes involved in the cooking process and is also working on offering its technology to other restaurants has now been said to have closed $375 million in funding from Softbank amid an additional round being planned that could value the company at $2.25 billion.
The report comes from the Wall Street Journal and cites a person with knowledge of the matter. Softbank was first reported in August to be mulling a $750 million investment into Zume with this current report aligning with that of the previous.
Zume Pizza which marked as its original product became part of a larger umbrella which now houses other units as it aims to move beyond pizza and offer its technology to restaurants for deployment of food trucks. Zume owns a patent for delivery trucks that can cook food in transit to customers fitted with automation and artificial intelligence technologies that predict trends and serve freshly cooked food.
image source : Zume |
Its platform dubbed “Ratio” is pegged as a “a scalable, end-to-end solution that provides food companies with a cutting-edge, flexible system to cook en route, predict inventory, and meet customer demand” on its website.
Prior to this reported round, Zume had raised about $70 million in total from investors including SignalFire, AME Cloud Ventures, FJ Labs, Kortschak Investments and several others.