Miso Robotics, the robotics and artificial intelligence company for restaurants and food providers, announced it secured $10 million in Series B financing led by patent licensing company Acacia Research Corporation.
“Strategic investors participating in this funding round include Levy, the industry-leading sports and entertainment hospitality company, OpenTable’s chief technology officer Joseph Essas, and founding investor Cali Group, as well as six members of Cali Group’s management team and its subsidiary company, CaliBurger,” said Miso.
Miso said it will use the new capital to expand its suite of collaborative, adaptable robotic kitchen assistants and to broaden applications for Miso AI, the company’s machine learning cloud platform.
“We are thrilled by the growing confidence in Miso Robotics and remain committed to fulfilling our goal of modernizing the $3 trillion global prepared foods industry,” said David Zito, co-founder and CEO of Miso Robotics.
“Acacia’s patent expertise and our strategic investors will be invaluable as we continue to commercialize our cutting edge technology.”
Rob Stewart, President of Acacia Research, said: “The company’s unique position as a pioneer in autonomous solutions for the commercial kitchen will not only transform the modern restaurant but also will change the way we think about how food is produced and served.”
Miso Robotics will soon debut its autonomous robotic kitchen assistant “Flippy” at CaliBurger’s Pasadena location and will roll out Flippy to more than 50 CaliBurger restaurants worldwide by the end of 2019.