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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.

Go deeper

Updated 36 mins ago - Politics & Policy

Inauguration Day dashboard

Screenshot: Fox News

President Trump has delivered a farewell speech and departed Washington for the last time on Air Force One, kicking off the day that will culminate with President-elect Joe Biden taking office.

What's next: The inaugural celebration for young Americans is being livestreamed, starting at 10am.

Updated 52 mins ago - Politics & Policy

Trump departs on final Air Force One flight

President Trump and his family took off on Air Force One at 9 a.m. on Wednesday morning for the final time en route to Florida.

The big picture: Trump's final hours as president were punctuated by his decisions to snub his successor's inauguration and grant pardons to many of his allies who have been swept up in corruption scandals.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Janet Yellen said all the right things to reassure the markets

Illustration: Aïda Amer/Axios

Treasury Secretary nominee and former Fed chair Janet Yellen's confirmation hearing before the Senate Finance Committee on Tuesday showed markets just what they can expect from the administration of President-elect Joe Biden: more of what they got under President Trump — at least for now.

What it means: Investors and big companies reaped the benefits of ultralow U.S. interest rates and low taxes for most of Trump's term as well as significant increases in government spending, even before the coronavirus pandemic.