Is Miso Robotics a good investment in 2023

Miso Robotics, based in Pasadena, California, specializes in kitchen and restaurant automation systems. “Where AI meets culinary innovation” is the company’s tagline. It has stayed true to its mission with four operating products: Flippy, Chippy, Sippy, and CookRight.
Miso Robotics’ flagship product, Flippy 2, automates repetitive chores in the kitchen. It aims to transform the restaurant sector with robotics and AI.

The restaurant business is challenging. For companies like Miso Robotics, whose main products cater to a specific niche, partnerships will be necessary. Miso Robotics will encounter competition from other automation pioneers. So, it must choose partners with solid reputations and financials. Chains and fast-food businesses face specific problems when customer preferences shift.

In addition, governments and unions like Restaurant Workers United will be keeping a close eye on the likelihood of mass layoffs caused by these machines. Since laws are unlikely to keep up with innovation, regulation will always be a concern for this industry.

Now, Miso Robotics stock is not publicly traded. It’s because the company remains private, with $100 million in capital and a $500 million value. It is only available to approved investors in all funding rounds.

To sum up, the field of robotics and artificial intelligence is exciting and quickly growing. Miso Robotics, with its unique solutions and partnerships, is a company to keep an eye on. While its stock is not now available for purchase by regular investors, a future IPO may change that.

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Is Miso Robotics on the stock market?

As the demand for efficient staffing levels and a quality product grows, automated cooking robot systems are critical. Furthermore, the increased demand will only hasten Miso Robotics‘ growth and profits. So, how are the company’s finances?

Miso has raised over $50 million in equity crowdfunding through its Series C and D rounds. Furthermore, these initiatives reflect this achievement. The company’s Series C and D rounds, with over 15,000 new and returning investors, are among the most profitable crowdfunding campaigns in its history, said the company.

Furthermore, Miso Robotics is funding its expansion efforts. The company announced its Series E funding round in February, with a target of $40 million. It intends to use the influx of cash to “more quickly satisfy the product demand it is experiencing in the market, as well as grow its employee base, which has more than tripled in size in the last year.”

Miso Robotics stock is not currently available to the general public. Investors can invest in the company by participating in its Series E funding round. Furthermore, the company began the funding round with a $500 million valuation. Given this valuation, the company has decided to conduct a seven-for-one stock split to share value and possibility with potential investors.

In February, Miso Robotics made an announcement of a seven-for-one stock split. The information was created in response to the company’s market and investor success. Because of a change in the conversion price, each preferred share of stock now converts to seven shares of common stock.

Before the stock split, preferred shares were worth $50 to $60 per share. Shares of common stock can now be purchased for around $10 per share. According to Bell, this price “gets great to investors.”

According to the company, “the stock split is an effort to share price and chance with an increasingly interested retail investor,” given the company’s recent valuation. Miso has gone to great lengths to ensure investors can participate in the business. The real question for investors is when the Miso Robotics IPO will take place.

Miso Robotics IPO Information

There have yet to be any official announcements regarding the Miso Robotics IPO. For the time being, the company is focusing on growth and raising funds before making plans for a public debut. However, investors believe the company will go public sooner than expected.

Meanwhile, if you’re looking to invest in the food industry, check out these restaurant and fast-food stocks to buy in 2022. As always, do proper research before investing. For the first few months after an IPO, prices can be variable. Also, the share prices can fluctuate rapidly.

Miso Robotics’ share prices and rounds

Miso Robotics does not yet have an official stock ticker because it is still privately held. The Miso Robotics approximate share prices and rounds are as follows:

• $17.16 for Series C
• Series D: $67.94 – price increased following the announcement of Buffalo Wild Wings
• $10.05 for Series E after a 7:1 stock split

This precisely means as follows:

• If you bought shares in the Series C or Series D rounds, they are worth $70.35 ON PAPER.

• There are no screens anywhere that will display your shares following the 7:1 split.

• Your shares have not yet been officially split.

Shares will be split as part of a liquidation event, such as a sale/exit/IPO. The value of the stock can be calculated as follows:

(number of C or D shares) multiplied by 7 (current share price)

For example, if you have 10 shares, multiply 10 x 7 x $10.05 = $703.50.

If they offer IPO 

• Your shares will be split as part of the liquidation 
• If you invested in the C or D rounds, you would have 7x the number of shares at the IPO 
• For example, if you bought 100 shares in the C round, you will have 700 shares at the IPO

Is Miso Robotics a Good Investment?

Miso Robotics is an exciting growth investment. Due to its excellence in testing robots at well-known restaurant chains like Wimpy, Panera Bread, Jack in the Box, White Castle, and Buffalo Wild Wings. As you know, Miso’s potential growth is supported by a proven product line and solid partnerships. It can grow to include all 2,200 Jack in the Box locations, over 350 White Castle locations, and over 1,200 Buffalo Wild Wing locations.

Besides, 50% of restaurant operators in the United States intend to implement automation technology within the next two to three years. White Castle, Jack in the Box, McDonald’s, Saladworks, and Chick-Fil-A are among the restaurants that have already implemented AI functionality to supplement the capabilities of their human staff.

Furthermore, Miso has yet to tap into many potential markets. Schools, hospitals, military bases, prisons, nursing homes, factories, office buildings, and other facilities with commercial kitchens are included. Because many of these facilities operate kitchens that must provide three meals a day for hundreds of people all year, they may be a more reliable sector.

Miso Robotics, on the other hand, is risky because food-service robotics and artificial intelligence are relatively new fields. Conversely, Miso is one of the most exciting investments available since it is a crowdfunded company.

A competitor could be a massive obstacle for Miso. However, Miso’s inventions are patent-protected, making it unlikely that a competitor will be able to jump in and steal their market share for at least the next twenty years.

If you don’t eat junk food, you might wonder if there’s a potential stumbling block as more people shift to a more organic, plant-based diet, resulting in less demand for fast food. This is a valid question, and only time will it reveal the answer. Currently, 36.6% of adults consume fast food daily, based on the most recent CDC report.

When it comes to your values, it is recommended that people research the team’s and the company’s overall stance on environmental and social issues. Everyone can do their own research into how Miso Robotics might fit into their own personal investment strategy.

Now, Individuals can purchase shares in Miso’s limited E-round extension. According to the company, over 20,000 shareholders contributed to Miso, raising nearly $90 million. People interested in investing in one of the fastest-growing markets for robots and artificial intelligence should look into Miso Robotics.

History of Miso:

Miso Robotics debuted in 2016. It was founded to develop the world’s first independent robotic kitchen assistant for restaurant kitchens. Automation is critical for the restaurant and food service industries, which are struggling to profit due to rising labor costs.

The company is named after the fermented soybeans that form the basis of miso soup. Miso now works with a reputable team of roboticists, engineering technicians, and industrial designers from Caltech, Cornell, MIT, Carnegie Mellon, UCLA, Olin, Harvey Mudd, the Art Center College of Design, NASA, Tesla, and SpaceX.

In March 2018, Miso Robotics debuted “Flippy,” the first self-driving kitchen assistant, at CaliBurger Pasadena. Flippy’s first job in a restaurant kitchen was to flip hamburgers. A human chef places burger patties on the grill. Flippy employs artificial intelligence to detect patties and flip them over at the appropriate time.

Flippy was taught a skill in the summer of 2018 called “frying.” Levy, a luxury sports and entertainment company, tested Flippy as a frying assistant at the Chick’ n’ Tots stand in Dodger Stadium. This place is the home of the Los Angeles Dodgers from July 30 to the World Series of 2018. At the start of the 2019 season, Levy was updated to Flippy in a mobile cart format. Flippy has assisted stadium staff in continuously cooking and serving more than 50,000 pounds of fresh chicken tenders. Also, it serves tater tots to Dodger fans, with up to 80 trays of food produced per hour.

Upgradation of Flippy

Flippy was upgraded to a mobile cart in the fall of 2018. Therefore, commercial restaurants used to roll Flippy into storage to clean equipment and floors according to their SOP (standard operating procedure). Flippy was upgraded with a smaller footprint and utilized at the Diamondbacks’ home stadium, Chase Field, in Phoenix, Arizona, in May 2019.

Miso has agreed to a commercial contract worth $11,000,000. The agreement calls for deploying 100 Flippy’s across 50 CaliBurger locations in a kitchen area format named “CaliBurger 2.0.” Miso Robotics qualified two Flippys, one at the grill and one at the fryer. This was done as a part of the contract in October 2019 at CaliBurger’s location in Ft. Myers, Florida.

Miso Robotics disclosed “Flippy 2.0” or “Robot on a Rail” (ROAR) in February 2020. ROAR integrates the bot into a rail-mounted system, allowing it to work on multiple tasks simultaneously. This new system will have no physical footprint and is expected to reduce technology costs by 50%.

Miso launched CookRight, an AI-powered cooking assistant tool, in April 2020. CookRight employs computer vision to track order accuracy and assist kitchen staff in ensuring that all food is perfectly cooked. In addition to copyright, kitchen workers have access to an intuitive, game-based dashboard that allows them to continuously monitor work simultaneously.

Miso Robotics signed an agreement with White Castle in July 2020. This is a signed agreement to develop, pilot, and roll out the Flippy robot for the restaurant’s North American locations. White Castle was the first restaurant to use Miso’s Robot on a Rail (ROAR) system in a commercial setting, piloting it at a Chicago-area restaurant in Q3 and Q4 of 2020. Miso and White Castle announced plans to expand their collaboration in October 2020 with up to ten new locations. This was targeted as part of a beta rollout of Flippy at the firm’s North American restaurants.

Chef, a new software from Miso, was released in September 2020. chef is displayed on a touchscreen display mounted on the ROAR system as a web-based application. It acts as a link for humans and robots to collaborate and prepare food using the ROAR system.

Miso continues developing its latest Flippy prototype while also pursuing business development opportunities.

Team of the company

Miso also made significant additions to the team throughout the year. First, Mike Bell was appointed as the company’s new CEO in October 2020. Before joining as CEO, Mike was the COO of Ordermark, a restaurant tech firm. 

At Ordermark, he oversaw the enterprise sales function and the company’s top-down go-to-market strategic plan. He was also the Chairman of the Miso Board of Directors. Second, Miso appointed Jake Brewer as its first Chief Strategy Officer in November 2020. Jake was previously the VP of Restaurant Excellence at CKE Restaurants. This is the parent company of Carl’s Jr. restaurants, where he was in charge of customer service, engineering, field training, and other responsibilities.

How much is Miso Robotics worth?

Miso’s products constantly evolve as the company forms partnerships with brands to gain real-world industry knowledge. The company collaborates with well-known brands such as Chipotle, White Castle, and Buffalo Wild Wings. These machines assist businesses in improving consistency, increasing productivity, and lowering costs. Furthermore, demand for the Miso Robotics IPO is overgrowing as the cooking robot market expands.

In 2019, the global cooking robot market was worth $86 million. However, according to Research Nester, it could rise dramatically to $323 million by 2028. This represents a compound annual growth rate (CAGR) of 16%, providing investors in the Miso Robotics IPO with a once-in-a-lifetime opportunity.

In 2019, the North American market accounted for 51% of the global market, with a value of $44 million. Furthermore, by the end of 2028, the North American cooking robot market is predicted to reach $175 million.

Miso Robotics’ stock forecast

Miso Robotics has the potential to tap into a massive market. According to Statista, the global restaurant and food service industry will be worth $34.25 billion in 2022. According to Statista, the restaurant and food service industry could be worth $56.3 billion by 2027.

Miso has a large potential customer base. According to Statista, there will be 23.13 million food service establishments in 2020. According to some data, fast food could be a more significant opportunity for Miso Robotics.

According to Fortune Business Insights, the global fast food market will be worth $972.74 billion in 2021. According to Fortune Business Insights, the global fast food market could reach $1.467 trillion by 2028.

Conclusion

Miso Robotics plans to use its Series E+ funding to expand into Europe and other markets. Miso’s first overseas partner is a Wimpy restaurant in the Dubai Mall Food Court using Miso’s Flippy 2 robotic fry station. The Dubai Mall Food Court receives over 100 million visitors annually, making this adoption a significant test for Flippy 2.

Miso intends to use live installations of Flippy 2 and other systems as demonstration projects in restaurants throughout Europe, North Africa, and the Middle East. The Wimpy Flippy 2 at the Dubai Mall is the region’s first live installation.

Executives at Miso believe the international expansion will increase the company’s potential market from 1.2 million US locations to 23.13 million worldwide. Miso robot demand may be greater in Europe because Miso estimates European food service wages are 50% higher than restaurant wages in the United States.

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