• Miso Robotics, a kitchen automation company, has opened its Series E funding round, aiming to raise USD 40 million. The company is currently accepting investment reservations for the round.

<ul><li>Miso Robotics has so far raised USD 79.3 million in funding, and today’s round values the company at USD 500 million (vs. USD 350 million at the time of its Series D crowdfunding round that opened last June). </ul>

• The company intends to use the funds to meet the rising demand for its robotic solutions and to expand the team (which the company more than tripled last year).

• Today, the company also announced a seven-for-one common stock split. Each share of preferred stock will also be converted to seven shares of common stock, following the conversion price adjustment.

<ul><li> Analyst QuickTake: Miso Robotics is by far the highest-funded startup in our restaurant robotics coverage, followed by pizza-making robot developer Picnic with USD 38 million raised to date. The news comes after the company closed its Series D (opened in June 2021) and Series C (opened in April 2020) crowdfunding campaigns, having raised more than USD 50 million from 15,000+ investors. These were reportedly among the most successful crowdfunding campaigns in history.</ul>