Artly Closes $8M in Series Pre-A Funding

Artly

Artly, a Seattle, WA-based coffee brand, closed an $8M Series Pre-A funding round.

The company intends to use the funds to further invest in its technology and bring its artisan coffee to more locations.

Led by Meng Wang, CEO, and Daniel Lee, VP, Artly uses robotics, computer vision, and deep learning combined with skills of baristas to produce coffee. Artly robot baristas learn fast, and itsmaster barista Joe Yang uses their proprietary imitation learning platform to teach the robots new tricks. Each robot barista uses deep learning-based computer vision algorithms to monitor drink quality and guide the arm at each step, ensuring a perfect cup with every order.

The company opened its first location in May 2021 in Portland, Oregon. Since then, they have opened three more California Bay Area locations. More recently, they opened the first location in its hometown, Seattle, Washington, near Pike Place Market. They are ready to expand to more locations in the US later this year.

FinSMEs

27/09/2022