Hamburger-making robot company raises $18 million
- Kia Kokalitcheva, author of Axios Pro Rata
Momentum Machines, a buzzy startup known for its hamburger-making robots, has secured over $18 million of a new venture capital round that could total nearly $22 million, according to an SEC filing. Board members include Sven Strohband of Kohsla Ventures and Stanford University physics professor Zhixun Shen. No new investors were disclosed, but existing backers include Khosla Ventures, K5 Ventures, Google Ventures and Lemnos Labs. The company did not return a request for comment.
Why it matters: Founded in 2009, Momentum Machines is developing food-preparing robots, the first one of which supposedly can prep hundreds of made-to-order hamburgers in an hour ― from raw ingredients to packaging. In other words, it might be the future of fast-food prep work.