Zume Reportedly Raises $375 Million from Softbank

Published by , November 5, 2018 2:48 pm

(TechCrunch) Zume raised $375 million from SoftBank according to WSJ reports. Another firm is also looking to invest an additional $375 million, which would value the company at a $1.5 billion pre-money valuation. “We’ve recently closed a round of funding to support our growth and hiring,” Zume CEO Alex Garden said in a statement. The company, which launched in 2015, uses robotics, artificial intelligence, automation and mobile kitchen technologies to predict food trends and serve up freshly cooked foods. The startup owns a patent for delivery trucks that can cook food while en route to customers.
Softbank declined to comment for the TechCrunch article cited here.

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