Seattle Startup Picnic Shuts Down, Sells $50M Pizza Robot Assets to Undisclosed Buyer in May 2024

Seattle-based food automation startup Picnic, which raised about $50 million to develop pizza-making robots, has shut down and liquidated its assets after becoming insolvent. Its assets and intellectual property were sold to an undisclosed buyer in May 2024 through a liquidation process overseen by CMBG Advisors.

CClayton Wood VVivid Robotics PPicnic