Miso Robotics to Expand Robotic Fast-Food Fryers – IoT World Today

The startup developing autonomous kitchen assistants, has opened a new financing round

After closing a $35 million series D round in December, Miso Robotics, the startup developing autonomous kitchen assistants, has opened a new financing round.

The firm has raised to $60 million to date and is aiming for an additional $40 million.

The startup said it plans to use the funds to grow its workforce and rapidly satisfy the product demand it is facing in the marketplace.

This next round will propel us forward to install in more kitchens and further increase our partners capabilities and positively impact their bottom line through automation, said Mike Bell, CEO at Miso Robotics.

Miso also declared a seven-for-one split of its common stock.

The startups board of directors took the measure in response to the traction the company is experiencing in the marketplace and with retail investors.

Miso Robotics shot to fame with itsFlippyrobot arm after they were deployed in a number ofWhite Castlerestaurants.

Following that initial deployment, the company hasCookRight, a software as a service aimed at improving restaurant kitchen operations, andautomated soda machinesin partnership with beverage dispenser manufacturer Lancer Worldwide.

Miso also has a partnership with Inspire Brands, the holding company behind Arbys, Dunkin and Baskin-Robbins.

Its Buffalo Wild Wings sports bar franchise is currently testingFlippy Wings, a recently unveiled robotic chicken wing frying unit.

Inspire has been testing Flippy Wings units in its innovation center in Atlanta, as well as in the Alliance Kitchen, its ghost kitchen for food delivery.

Misos flagship model was given an upgrade in the form of Flippy 2, introduced in November. The newer model can perform more than twice as many food preparation tasks.

Following the companys series D round, CEO Bellrevealed to AI Businessthat the startup may eventually consider doing an IPO, but only when the time is right.

And in terms of other considerations, Miso may look abroad, with Buck Jordan, the companys president, suggestinglast Maythat it is planning to take its kitchen bots to markets outside the U.S. to places including the U.K., Canada and Australia.

Jordan said in that interview that Miso would target countries that have a larger output of frying products that are being sold.

This article first appeared in our sister publication AI Business.

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Miso Robotics to Expand Robotic Fast-Food Fryers - IoT World Today