Chef Robotics eyes commercial kitchens with $14.75M raise
Reading Time: 2 minutesIn the past several years, the kitchen has increasingly become a focal point for the world of automation. Miso, for instance, has made a name for itself with Flippy, a hamburger cooking arm that has found its way into chain restaurants like White Castle. Others, including Zume Robotics, have been less successful – the pizza robot firm shut its doors last year after attempting a major pivot into Earth-conscious food packaging.
Chef Robotics has been kicking since 2019. The founding was unquestionably fortuitous timing, just ahead of Covid-related closures and resulting labor shortages that continue to this day in industries like fast food. This week, the San Francisco-based firm announced that it has closed a $14.75 million combo equity/debt round.
The new cash infusion follows a January 2021 raise of $7.7 million, bringing the total funding up to $22.5 million. That figure includes $18.2 million in equity and $4.25 million in debt. MaC Venture Capital, MFV Partners, Interwoven Ventures and Alumni Ventures joined existing backers, Construct Capital, Kleiner Perkins, Promus Ventures and Red and Blue Ventures.
Much of the money will go toward deploying Chef’s go-to-market strategy, which is based around a RaaS plan. Robotics as a Service is proving to be an extremely popular model in the world of industrial automation, as the upfront cost of a big robot is far too steep for many companies to foot. The company will also be hiring engineers and technicians, growing a headcount that currently numbers around 30
Part of the reason the company places such emphasis on the software/AI side of things is that most of Chef’s hardware components are off-the-shelf. There is, after all, a philosophy among many roboticist that if existing solutions do the job, there’s no reason to reinvent that specific wheel.
Ref: techcrunch
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