Domino's-Partnered Robotics Startup Picnic Shuts Down, Liquidates Assets
By
Victor Tangermann
Pure flour-power. Hearty enough to carry you through lunch.
Summary
Picnic, a Seattle-based robotics startup that raised over $53 million to develop food automation robots and partnered with Domino's, has shut down and liquidated all assets after becoming insolvent. Its intellectual property was sold to an unnamed buyer. The collapse highlights ongoing challenges in automating labor within the food industry.
Key quotes
· 4 pulledPicnic, a Seattle-based startup that raised more than $53 million to develop robots capable of putting human restaurant workers out of a job — even partnering with the giant pizza chain Domino's — has shut down.
The startup liquidated all of its assets after becoming insolvent, according to legal documents obtained by GeekWire.
All its intellectual property has been sold off to an unnamed buyer.
The collapse highlights the tech industry's struggles to automate labor in the food industry.
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