The orderly refrain in the tech world is that the world is about to be rocked by the combination of AI and robots. Therefore you’d think that startups that build either AI or robots would be onto a winner. However, there’s a serious misunderstanding going on.
What is becoming clear is that the closer companies are to actual robotics, the only route to contest will be in genuinely transformational hardware. The aeon where a robotic arm was considered innovative is long over.
Similarly, robotics as a sector won’t go anywhere without being married to mighty device learning and visual systems.
Thus it is that startups that can do both AI and blend this with robotics, which might be either off the shelf robotic arms or tools, will position themselves far higher up the valuation stack.
So it’s significant that U.K.-based startup Karakuri has “opened the kimono” on its plans to do just that.
Karakuri uses a combination of robotics, device learning, optics and sensors to dispatch an android that will make personalized, freshly readied
, high-quality meals. The benefit is that the android can make something that matches exactly what the customer wants (no nuts and seed for example, just this amount of dressing, etc.) and the result can also minimize food waste.
The startup comes at the right moment. Research shows that almost two-thirds of consumers globally now follow a diet that limits or prohibits the consumption of some foods or ingredients due to food intolerance, as well as following a precise weight loss diet.
Karakuri’s technologies also allow restaurants to move away from mass pre-packaged meals and significantly reduce food waste.
Karakuri has now raised a £7 million seed investment, led by Ocado. The fundraise includes investments from Hoxton Ventures, firstminute Capital and Taylor Brothers, and will be used to further develop the company’s technology, strengthen its IP base and extend its faction for intercontinental growth.
For Ocado, the investment means it can extend its value proposition in grocery, especially through Ocado Zoom, its brand-new delivery arm.
Karakuri CEO and co-founder, Barney Wragg, says, “Consumer eating habits in and out of the home are changing rapidly as require increases for healthier options that match precise dietary requirements. This growth in menu personalization is putting gigantic pressure on restaurants, cafes and other food retailers. These providers have historically relied on identically mass-produced meals to maintain their profit margins. By using robotics and device learning, Karakuri’s systems provide localized micro-manufacturing within an existing restaurant, retail or commercial kitchen. Our systems prepare personalized meals onsite in real moment to the precise requirements of each customer.”
Brent Hoberman, Karakuri’s founding chairman, co-founder of Founders Factory and general partner at firstminute Capital, says: “The moment is now for robotics and AI to steer change in the restaurant and food services business. Barney and Simon have assembled a world-class faction to go after one of the next huge markets to be enhanced by this technology. We are delighted that Ocado, an intercontinental boss in robotics and distribution, has chosen to invest in Karakuri to govern the innovation in this sector.”
Hoberman says startups like Karakuri are going to become more significant as we come the tipping point where manual workers are becoming less and less available to do the kinds of work that used to be done in restaurants.
Karakuri emerged out of the Founders Factory incubator, but the backstory to this startup is significant. Its advisory board includes industry experts from ARM, Ocado, Imperial College, Bristol Robotics Lab and Edinburgh Centre for Robotic.
Bristol Robotics Lab, in particular, has generated a world-class reputation for its robotics accelerator.