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Overfunding
overfunding
Miso Robotics
  • Equity
  • USA USA
day left
1
360%
Raised
£4,337,320
Investors
957
Target
£1,201,904
Equity
6.34%
Pre-money valuation
£64,101,280

Meet Flippy, the patented, Artificially intelligent robot from Miso Robotics making food efficiently & consistently. Flippy has cooked over 40k lbs of fried food and 9k burgers at LA Dodgers Stadium, Arizona Diamondbacks Chase Field, and CaliBurger restaurants, with £8.78M in purchase orders signed.

  • £8.78M in purchase orders signed by international chain, CaliBurger
  • Company has raised over £11.66m in capital from leading VC funds
  • Company developed Flippy with 12 patents pending and 1 awarded
  • Flippy has received over 10B organic media impressions
Information The progress bar above includes £4,163,028 investment raised from 1,922 investors via a concurrent offering being conducted abroad. Investments are for a beneficial interest in equity in this US-based company that will be held on behalf of Investors by a Nominee. Investors agree to the Subscription Agreement and its accompanying exhibits in the documents section below. The Subscription Agreement contains certain representations and warranties to Miso Robotics, Inc. See the Investment FAQ's and Legal Explanation Document for more details including exchange rate explanation. Investors should seek their own tax advice regarding investment in US securities.

Idea

Flippy is an AI-powered robotic kitchen assistant that can learn from its surroundings and acquire new skills over time. We designed Flippy to cook food alongside chefs in commercial kitchens and leverage computer and thermal vision technology to cook food perfectly and consistently.

The £218B global Quick Service Restaurant industry has increasingly tight margins (~5%) due to rising wages and labor shortages. As Americans rely less on home-cooked meals, it is becoming increasingly harder for restaurants to hire kitchen staff to serve them.

According to the CEO of Cali Group, implementing Flippy will reduce labor expenses by over 65% and increase efficiency and food output by 23%. With Flippy, restaurants can increase profit margins from 5% to 14%. This translates into a 3x increase in EBITDA, creating significant value for our customers.

After a successful pilot at CaliBurger, the restaurant recently signed an £8.78 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 multitask. This new system is 50% cheaper and requires zero real estate footprint in a commercial kitchen.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

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