Vivid Robotics
Facts
- Sectors
- Robotics, Food automation
- Total raised
- $51.2M SEC Form D filings Total of this company's SEC Form D filings
- Last round
- $13.8M · Oct 2022 SEC Form D
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.
Picnic raises $3M from existing investors to commercialize pizza-making robot producing 300 12-inch pizzas/hour
Seattle startup Picnic raised $3 million from existing investors to accelerate commercial rollout of its pizza-making robot capable of producing up to 300 12-inch customized pizzas per hour, citing increased pandemic-driven demand and plans to use funds for development, hires, and marketing.
Seattle robotics startup Picnic 3D-prints prototype parts to rescue UW student Rob Sinclair’s Kokanee Systems after COVID-19 halted lab access
UW entrepreneurship student Rob Sinclair paused his career to build Kokanee Systems, a real-time water contamination testing startup, but COVID-19 shut off access to prototyping equipment. A Seattle robotics startup, Picnic, stepped in to 3D-print parts and help Sinclair continue developing his prototype.
People
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Clayton Wood Executive Officer, Director, Promoter