British online supermarket giant Ocado has made its 1st tech startup investment in a robotics company called Karakuri, leading a $9 million funding round
British online supermarket giant Ocado has made its first tech startup investment in a robotics company called Karakuri, leading a $9 million funding round that was announced on Thursday.
Ocado appears to have big plans for the small company, which was incorporated by entrepreneurs Simon Watt and Barney Wragg as they took part in the Founders Factory startup accelerator last year. Specifically, Ocado claims that Karakuri's technology has the potential to revolutionise the preparation of ready-to-eat meals.
"By using robotics and machine learning, Karakuri’s systems provide localised micro-manufacturing within an existing restaurant, retail or commercial kitchen," said Wragg, CEO of of Karakuri. Ocado invested $6.2 million in the company in exchange for an 18% stake in the company and a position on the startup's board.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Uber Jackpot: Inside One of the Greatest Startup Investments of All TimeUber's seed deal will go down as one of the greatest venture-capital investments of all-time—even when compared with the famous early bets on Google and Facebook
Weiterlesen »
Chinese investment in U.S. startups peaks but 'tremendous uncertainty' aheadChinese investment in U.S. startups peaks but 'tremendous uncertainty' ahead by heathersomervil
Weiterlesen »
Silicon Valley's health-tech start-ups need to stop getting in so much troubleInstead of fixing the health system, Silicon Valley start-ups just keep inviting controversy.
Weiterlesen »
Tim Cook says Warren Buffett's investment shows that Apple isn't really a tech company anymoreWarren Buffett, the Oracle of Omaha, has historically invested in technology only sparingly.
Weiterlesen »
Health tech start-up uBiome suspends clinical operations following FBI raiduBiome has temporarily suspended clinical operations, and will stop selling its SmartJane and SmartGut tests until further notice.
Weiterlesen »
U.S. firm accuses Huawei of enlisting professor to obtain its techA U.S. startup company is accusing Chinese telecommunications gear provider Huaw...
Weiterlesen »
A firm on an island in the Indian Ocean is developing cutting-edge solar techA range of innovations are being used to forecast solar energy.
Weiterlesen »
Chinese tech firms' search for growth seen boosting costs in March quarterThree of China's biggest tech companies are expected to report that they ra...
Weiterlesen »
The tech head at $1.7 trillion investment firm Pimco told us how a new tool is turning every employee into a data scientistPIMCO is trying to turn every employee into a 'citizen data scientist,' chief technology officer Dirk Manelski told Business Insider.
Weiterlesen »
Warren Buffett shares most 'fun' investment he's ever madeAt Berkshire Hathaway's annual meeting, a young shareholder asked Warren Buffett what his favorite investment was outside of the conglomerate.
Weiterlesen »