About the offering
The kitchen of the future starts with our robotic chef, “Flippy,” which has cooked 40k lbs of fried food and 9k burgers. We’re developing technology to assist and empower chefs to make food consistently and perfectly, at prices everyone can afford.Introducing FlippyWe designed Flippy (12 patents pending, one awarded) to cook food alongside chefs in commercial kitchens. Computer and thermal vision allow the robot to cook food perfectly and consistently every time.Miso has doubled revenue (2018-2019) and Flippy is now a household name with 10 billion+ organic media impressions and is currently cooking food in LA Dodgers Stadium, Arizona Diamondbacks Chase Field, and three CaliBurger locations.Solving the Labor ProblemThe $273B global Quick Service Restaurant industry has increasingly tight margins (~5%) due to rising wages and a worsening workforce shortage. While Americans are cooking at home less, it is becoming increasingly harder for restaurants to hire kitchen staff to serve them.According to CEO of CaliGroup, implementing Flippy will reduce kitchen labor expenses by over 65% while increasing efficiency and the amount of food cooked by 23%.With Flippy, restaurants can increase profit margins from 5% to a healthy 14%, which translates into a 3x increase in EBITDA, creating significant value for our customers.RoadmapAfter success with its pilot in CaliBurger’s Pasadena, CA location, the restaurant recently signed an $11 million purchase order to implement two Flippy bots at each of its 50+ locations worldwide. In October, 2019, the first “CaliBurger 2.0” opened in Ft. Myers, Florida with its reinvented kitchen that includes two Flippys working alongside one chef.We’re currently developing “Flippy 2.0,” which integrates the bot into a mounted rail system, allowing it to work on several tasks at once. This new system is 50% less expensive and requires zero real estate footprint in a commercial kitchen.Miso Robotics is poised to increase efficiency, profitability and food quality for the entire restaurant industry and bring us closer to the kitchen of the future.
FAQ
How much has Miso Robotics raised?
Miso Robotics has raised $4.88M of a $5M goal.
Where is Miso Robotics's campaign listed?
The offering is listed on Dealmaker, an SEC-registered Reg CF intermediary.
What are the terms of Miso Robotics's raise?
Common Stock, $221.3M cap, $4.97/share.
When does Miso Robotics's offering close?
The stated close date is Nov 17, 2023.