Tau Ventures is an applied AI fund in Silicon Valley and food automation is one of our core focuses including an investment in Blendid. Our view in Nov 2019 was that capital is plentiful, that the automation won’t replace but augment humans, and that the real savings come from economies of scale. Since then the industry has been shaken in huge ways. There have been some major entrants, for instance Uber founder Travis Kalanick’s CloudKitchens became more public (supposedly raising $400M). There have been some major failures, for instance, Zume pizza which had raised $375M from Softbank alone essentially imploded…....
Will Robots Take Over Our Restaurants? A Startup View
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