Automated pizza delivery robot startup Zume, which raised $375 million from SoftBank before switching to sustainable packaging, is shutting down.
It is reported with reference to sources close to the portal of the company La Información. The startup’s representatives do not comment on the journalists’ study.
Zume is now known to have hired corporate restructuring firm Sherwood Partners, presumably to sell its assets.
Founded in 2015, the company was one of many trying to use robots to make pizza. The highlight of Zume was that the robots had to cook pizza right in the delivery van.
Although the technology concept never fully materialized, the company received more than $450 million in total from investors, including the Vision Fund, owned by SoftBank Group.
In January 2020, Zume laid off more than half of its workforce and switched to making compostable packaging based on insights gained by Southern California start-up Pivot Packaging.
Author:
Ekaterina Alipova
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
