Chef Robotics, a San Francisco-based automation firm, has raised $43.1 million in a Sequence A funding spherical. This spherical consists of $20.6 million in fairness and $22.5 million in tools financing debt, as introduced by the corporate on Monday.
With this, Chef, at present serving the US and Canada, goals to develop its presence within the UK market this yr.
Avataar Ventures led the fairness spherical, with participation from Assemble Capital, Bloomberg Beta, Promus Ventures, MFV Companions, Interwoven Ventures, HCVC, MaC Enterprise Capital, Crimson and Blue Ventures, Tau Companions, Alumni Ventures, Siddhi Capital, and BOLD Capital Companions.
This funding brings Chef’s whole capital raised to round $65.6 million ($38.8 million in fairness and $26.75 million in debt). This funding will speed up manufacturing deployments of the corporate’s AI-enabled robotic programs for meal meeting.
“Robotics is having a second proper now. The improvements in AI have unlocked the potential of embodied AI for robotics. We consider we’re within the pole place to scale given all of the real-world manufacturing coaching knowledge we have already got,” stated Rajat Bhageria, founder and CEO of Chef Robotics.
The tools financing debt will cowl the prices of robotic programs for robotics-as-a-service (RaaS), permitting clients to keep away from upfront capital expenditures. The corporate plans to make use of the funds to scale its go-to-market workforce and put money into gross sales and advertising.
Chef has produced over 44 million meals by deployments at manufacturers like Amy’s Kitchen and Sunbasket. The corporate depends on real-world manufacturing knowledge to coach its bodily AI mannequin, ChefOS, which is vital for enhancing system efficiency.
It additionally has AI-enabled robots deployed throughout North America, which have accomplished tens of hundreds of hours of energetic manufacturing and manipulated virtually 2,000 elements in manufacturing.
Mohan Kumar, founder and managing accomplice at Avataar Ventures, famous, “AI within the bodily world is occurring proper now with robotics. Meals is likely one of the largest markets on the planet. Industrial AI is already profitable, and meals packaging automation is quietly remodeling how we get our meals.”
Bhageria additionally expressed that sooner or later, the corporate goals to develop its fleet of clever robots, speed up buyer deployments throughout each its present and new clients, advance ChefOS, develop its go-to-market workforce, and develop internationally.
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