A robot pizza startup that raised almost $500 million has shut down, The Information reported.
Zume, the robot pizza delivery startup that raised close to $500 million, has shut down, The Information reported.
The company was founded in 2015 and aimed to automate the pizza-making process, but suffered a series of technological difficulties.
According to The Information, Zume was "insolvent," and Sherwood Partners, a restructuring firm, had been instructed to sell the company's assets.
It made a series of layoffs in 2020, cutting headcount by more than 500 employees — including all of its robotics and food-delivery truck business, Insider previously reported.
Persons:
Zume, Alex Garden
Organizations:
Softbank, AME Cloud Ventures, Sherwood Partners, Bloomberg