Promethean Investments LLP is a private equity investor focused on special situation investments in the UK.  Promethean Investments LLP is authorised and regulated by the Financial Services Authority in the United Kingdom and is a member of the British Venture Capital Association.  Promethean Investments LLP manages Promethean plc, an AIM-listed permanent capital fund with unlimited life.

Promethean Investments

RoboBurger

RoboBurger is a developer of a smart robotic chef machine. Its building machines are fully-automated, self-cleaning food robot that cooks a burger from scratch on a griddle and replicates the cooking process used in restaurants. The company was founded in 2019 and is headquartered in Jersey City, New Jersey.

RoboBurger has developed an artificial intelligence (AI)-powered robotic burger vending machine. The unit is a 12-square-foot kiosk and comes with a refrigerator, automated griddle, toaster, and a cleaning system. The robotic burger vending machine grills the hamburger patty, toasts the bun, dispenses condiments, assembles the burger, and delivers it to customers. Customers can place their orders via an embedded touch screen, upon which the robot will start preparing the burgers. The machine promises delivery within six minutes and can cook two burgers simultaneously. The burgers are priced at around USD 7.

Helping restaurants become more safe, more profitable, and more interesting.

Restaurant Industry Robotics

RoboBurger scores deal on ‘Shark Tank’

RoboBurger has developed an artificial intelligence (AI)-powered robotic burger vending machine. The unit is a 12-square-foot kiosk and comes with a refrigerator, automated griddle, toaster, and a cleaning system. The robotic burger vending machine grills the hamburger patty, toasts the bun, dispenses condiments, assembles the burger, and delivers it to customers. Customers can place their orders via an embedded touch screen, upon which the robot will start preparing the burgers. The machine promises delivery within six minutes and can cook two burgers simultaneously. The burgers are priced at around USD 7.The company’s operational model involves centralized operations centers in a region, and RoboBurger units that can be reached within an hour from the central hub. The operations team is responsible for restocking each RoboBurger unit.Key customers and partnershipsRoboBurger deployed its latest prototype at Newport Centre Mall in Jersey City, New Jersey in April 2022, with plans to deploy 100 units by the end of 2022 and expand further to install thousands of units starting 2023. As of April 2022, the company was reportedly looking for retail partners in Greater Philadelphia to expand its geographical reach.Funding and financialsIn October 2022, RoboBurger raised USD 10 million in a seed two funding round. The funding round was in partnership with Promethean Investments LLP, a private equity firm headquartered in London. In <a href="https://sp-edge.com/updates/29088">April 2024 </a>, RoboBurger secured USD 1.5 million in funding from investors Kevin O'Leary and Michael Rubin on the TV show "Shark Tank." The investment was for a 5% stake, setting the company's valuation at USD 30 million. The funding will primarily be directed toward augmenting the company's production capability and speed to enable a broader dispersion of its burger vending machines.

<div>
 
 Dexai Robotics developed a robotic arm known as “Alfred” that works as a flexible food-preparation assistant using artificial intelligence and computer vision technologies. Alfred is a plug-and-play solution for restaurants and can be used to prepare salads and food bowls, without any alteration to restaurants’ layouts or recipes. The robot debuted in the 2019 Web Summit in Portugal, serving  2,500+ attendees over the course of two days. The company offers its services on a robotics-as-a-service (RaaS) basis, where customers are charged a flat fee for dishes the robot prepares.
 
 
 Key customers and partnerships
 
 
 The company has partnerships with the Defense Logistics Agency (DLA) to install the robots at 10 military locations across the US 
 <a href="https://sp-edge.com/updates/8680">
 (February 2022)
 </a>
 and with Boston-based Mediterranean restaurant Bonapita to deploy its robot to prepare salads and other food bowls at the latter’s restaurant 
 <a href="https://sp-edge.com/updates/10059">
 (April 2022).
 </a>
 
 
 Funding and financials
 
 
 In August 2022, Dexai Robotics 
 <a href="https://sp-edge.com/updates/12258">
 raised USD 6.7 million
 </a>
 in funding. Previously in March 2020, it raised USD 5.5 million in a seed funding round led by Hyperplane Venture Capita to expand its engineering, sales, and product teams.
 
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Dexai Robotics

Miso Robotics offers a range of kitchen automation solutions and a software platform that powers its robots (the latter as a standalone service). The company’s latest product line includes second-generation burger-flipping robot “Flippy 2,” high-volume chicken-wing-frying robot “Flippy Wings,” frying and seasoning robot “Flippy Lite,” beverage-dispensing robot “Sippy,” and its cooking platform “CookRight.”- Flippy 2 <a href="https://sp-edge.com/updates/6360">(introduced in November 2021) </a>can load, fry, and place the items in a hot holding area without assistance and can handle up to 60 baskets per hour—a 30% increase compared to its original version. This is the latest version of the original Flippy introduced in 2018, which had a price tag of USD 60,000 and was later reduced to USD 30,000 with the introduction of the upgraded Flippy ROAR (robot on a rail) that places the Flippy robot arm on an inverted rail, enabling it to move along a line of kitchen equipment.- Flippy Wings ( <a href="https://sp-edge.com/updates/6135">introduced in October 2021) </a>is a robotic chicken wing frying solution. It identifies the food using AI vision technology, and can pick it up, cook, and drop the food into a hot holding area. The company reports that the robot increases food production speeds by 10%–20%. Both the models are equipped with its “AutoBin” system—an array of customizable food-safe bins into which the food is dropped to be cooked.- Flippy Lite (introduced in March 2022) focuses on a single product that needs seasoning and finishing.- Sippy <a href="https://sp-edge.com/updates/2556">(announced in June 2021) </a>is a beverage dispensing robot developed in partnership with beverage dispensers manufacturer Lancer Worldwide and is equipped with a fully-automated conveyor system that moves cups along the Sippy unit to dispense drinks. Sippy directly integrates with a point-of-sale system, which triggers the beverage-making process including selecting the appropriate sized cup and pouring and sealing the drink while ensuring appropriate delivery of orders.- CookRight (launched in May 2021) is an AI and machine learning-driven cooking platform that includes a user interface tablet, two cameras, and a small computer. CookRight focuses on grill-based cooking and is capable of tracking food items on a grill for precision-level cooking and sends alerts to kitchen staff when an action is needed. The platform is also capable of managing the food serving workflow to ensure freshness and correct assembly of orders. Miso Robotics also launched “CookRight Coffee,” a coffee monitoring system powered by the platform in <a href="https://sp-edge.com/updates/9725">April 2022.&nbsp;</a>As of April 2022, the company had commercialized its Flippy 2 robots, while Flippy Wings, Flippy Lite, and Sippy were available for reservation. Its products are available on a robotics-as-a-service (RaaS) basis—Flippy and Flippy 2 Wings are offered to customers starting at USD 3,000 per month (fees related to other products were not made available as of April 2022). The CookRight platform is offered as a standalone software-as-a-service (SaaS) offering for restaurants at a monthly subscription of USD 100.Key customers and partnershipsMiso Robotics’ partners to deploy its various robotic offerings include <a href="https://sp-edge.com/updates/8509">White Castle, </a>CaliBurger, Dodger Stadium in Los Angeles, Chase Field in Phoenix, <a href="https://sp-edge.com/updates/2541">Brooklyn Dumpling Shop </a>, <a href="https://sp-edge.com/updates/9156">Chipotle Mexican Grill restaurants </a>(a customized version dubbed “Chippy” to cook tortilla chips), <a href="https://sp-edge.com/updates/6135">Inspire Brands-owned </a>Buffalo Wild Wings and Alliance Kitchen, <a href="https://sp-edge.com/updates/9725">Panera Bread, </a><a href="https://sp-edge.com/updates/9940">Jack in the Box, </a><a href="https://sp-edge.com/updates/10692">Wing Zone,&nbsp;</a> &nbsp;<a href="https://sp-edge.com/updates/11139">Americana Restaurants, </a>and <a href="https://sp-edge.com/updates/11567">Wings and Rings. </a>In <a href="https://sp-edge.com/updates/25118">December 2023 </a>, Miso Robotics partnered with restaurant technology company Cali Group and PopID, a developer of identity verification solutions, to launch an automated restaurant named CaliExpress in Pasadena, California.The company also has a June 2022 <a href="https://sp-edge.com/updates/10929">partnership with Amazon Web Services </a>(AWS) to test its software powering Flippy 2 and Flippy Lite at scale, using AWS RoboMaker, a cloud-based simulation service and an&nbsp;<a href="https://sp-edge.com/updates/35619">October 2024</a> partnership with NVIDIA to integrate accelerated computing and robotics technologies into its next-generation Flippy Fry Stations.Funding and FinancialsMiso Robotics reported revenues of USD 253,000 during the year ended December 2020 (up 153% YoY) but has yet to reach profitability. The company opened its Series E funding round <a href="https://sp-edge.com/updates/8185">in February 2022, </a>aiming to raise USD 40 million at a valuation of USD 500 million. The round, having raised USD 20+ million, was <a href="https://sp-edge.com/updates/12340">extended in August 2022 </a>to scale up its commercial manufacturing and international operations. In <a href="https://sp-edge.com/updates/18705">May 2023 </a>, Miso Robotics received a multi-million dollar investment from Ecolab, a global provider of water, hygiene, and energy technologies. The company intends to utilize the funds to support operational growth and innovation.&nbsp;

Miso Robotics

MiFood designs and manufactures a fully automated robotic chef for restaurants that can prepare burgers and hotdogs. The company has offices in Spain, Poland, and the US.

MiFood

Endurance is a Russian-American technology startup offering robots, lasers, and chatbots. Under its robotics solutions, it provides customer-based robotics systems such as telepresence systems, robot waiters, and truckbots.

Endurance

<div>
 
 Blendid (also known as 6d bytes) offers a smoothie-making robotic kiosk that uses machine learning and computer vision to blend fruit drinks. The system is a plug-and-play solution that can be set up on-site in food-service operations. The kiosk comes with a robotic arm, blenders, refrigerators, and dispensers to store and dispense ingredients. It can produce up to 45 drinks per hour and nine drinks simultaneously. Customers can place orders via its mobile app or Blendid tablets, and the robot generally prepares the drink in under two minutes for a price of USD 5&ndash;USD 6 (for a 12-ounce drink). Blendid&rsquo;s kiosks operate at universities, retail outlets such as 
 <a href="https://sp-edge.com/updates/2529">
 Walmart,
 </a>
 and at juice maker Jamba&rsquo;s co-branded locations including Walmart stores, a shopping mall, a university,
 a 
 <a href="https://sp-edge.com/updates/15502">
 hospital
 </a>
 and 
 <a href="https://sp-edge.com/updates/11829">
 Love&rsquo;s Travel Stop locations
 </a>
 in California, as well as 
 <a href="https://sp-edge.com/updates/8519">
 two universities in Georgia.
 </a>
 
 
 As per the company, it has generated USD 149,624 in total revenue since inception, with USD 64,449 generated in FY2020 (ending October 31st). However, annual net losses have been in the USD 3-USD 4 million range during FY2018-FY2020. Salary and benefits accounted for around half of total operating expenses in FY2020, while non-payroll research and development&rsquo;s (R&amp;D&rsquo;s) share of operating expenses had declined to less than 20% from almost 50% in 2018. As of October 31st, 2020, the company had USD 2.1 million in cash on hand and an average quarterly burn rate of USD 910,000
 <a href="https://sp-edge.com/updates/5410">
 .
 </a>
 
 
 <a href="https://sp-edge.com/updates/5410">
 In September 2021,
 </a>
 Blendid raised USD 2 million through equity crowdfunding at a valuation of almost USD 50 million. The company intended to utilize the funds to fast track its geographical expansion into Southern California and Georgia by opening in a range of locations including malls, airports, hospitals, universities, and retail outlets.
 
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Blendid

Robotic solutions for restaurant services such as waiting tables, bussing tables, dishwashing, kitchen preparation, food quality check, and staff training.

Robots that pick, place, slice, and butcher fruits, vegetables, meats and other food products. Also includes companies that develop robots for picking, placement, and dispensing of processed foods (ex: cake decorating).

Robotic solutions for pizza, burger and hotdog preparation.

Robotic solutions for salad and food bowl (pasta, ramen etc) preparation.

Robotic solutions for coffee, tea, soda, and smoothie preparation.

The majority of companies in the industry use robotics technology

Some companies in the industry uses AI and ML-based robotic solutions

<div>
 RoboBurger, an innovative company that has developed an artificial intelligence (AI) powered robotic burger vending machine, has successfully secured an investment of USD 1.5 million. This funding was provided by notable investors Kevin O'Leary and Michael Rubin during their appearance on the popular TV series, "Shark Tank." The pair have purchased a 5% stake in the company, thereby setting the valuation of RoboBurger at USD 30 million.
 The substantial funding will be primarily utilized for the enhancement of the company's production potential and speed. The ultimate goal of this financial boost is to enable a wider dispersion of RoboBurger's unique burger vending machines.
 
</div>

RoboBurger

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