Miso Robotics Secures $3.1M in Funding

Miso Robotics, a Pasadena, Calif.-based provider of robotics and artificial intelligence solutions, secured $3.1m in funding.

Backers included Acacia Research Corporation (NASDAQ: ACTG), Match Robotics VC, and undisclosed strategic investors.

The company will use the funds to deliver ‘Flippy,’ its first commercial product.

Led by David Zito, co-founder and CEO, Miso Robotics makes ‘Flippy,’ an adaptable AI-driven robotic kitchen assistant that will work alongside kitchen staff to improve operational efficiency for the restaurant industry. The first installation of Flippy will be in CaliBurger’s Los Angeles area location.
The company has also entered into an IP services agreement with Acacia Research to drive AI-based solutions for the entire restaurant industry.

Miso Robotics plans to roll out its AI-driven robotic kitchen assistant in early 2018 and expand to more than 50 CaliBurger restaurants worldwide by the end of 2019.

FinSMEs

06/07/2017