Pizza delivery service Zume that would cook the pies on the way to your house ... trends now
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A Silicon Valley startup that planned to use robots to make pizzas in the back of delivery trucks has gone bust after raising $445million in funding.
Zume, founded in 2015, sought to disrupt the pizza market by using robotics to cook them on the fly and machine learning to predict what pizzas people would order.
The company quickly attracted the attention of investors, notably SoftBank, which in 2018 invested $375 million, valuing the startup at around $2.25 billion.
While Zume had a meteoric rise spurred by nearly half a billion dollars in investment, its downfall was protracted. In 2020, Bloomberg reported it had stopped making pizzas and cut more than half of its workforce.
Last month the company went insolvent and retained a restructuring firm to liquidate its assets for creditors, according to a report in The Information. Last month operations ceased altogether.
A Silicon Valley startup that planned to use robots to make pizzas in the back of delivery trucks has gone bust after raising $445million in funding
Zume sought to use robotics to cook pizzas on the fly and software to predict what pizzas people were expected to order
Founded in 2015, it attracted nearly half a billion dollars of investment and
