Artificial Intelligence: Automated Kitchens Pioneer Spyce Acquired By Salad Chain Sweetgreen

https://dailyalts.com/wp-content/uploads/2021/08/Spyce-Restaurant-Boston-Cambridge-Healthy-Fresh-Delivery-Home-Store-Front-scaled-1280x960-1.jpeg

Sweetgreen wants to serve healthy fast food “at scale for the next generation.”

Three college students launched sweetgreen to offer a solution to a very unpalatable dilemma – eat food that was slow, expensive, and fresh—or fast, cheap, and unhealthy. The result was a fast casual salad chain that used fresh, organic produce and has grown to over 130 restaurants. Sweetgreen announced Tuesday its acquisition of Spyce, a startup with a similar vision for serving healthy and fresh food – only more automated. (Businesswire)

sweetgreen: Healthy, fast and automated

Boston-based Spyce was founded in 2015 by MIT students working out of a basement to reinvent the fast food model. Six years later that effort evolved into two successful restaurants that feature Infinite Kitchen – a cutting edge, automated culinary tool designed to balance the core elements of cooking technique, measurement, and timing to bring out the most in every ingredient.

Though the value of the transaction was not disclosed, it is expected to close in Q3 of 2021.

“Spyce and sweetgreen have a shared purpose,” said Jonathan Neman, co-founder and CEO of sweetgreen in a statement. “We built sweetgreen to connect more people to real food and create healthy fast food at scale for the next generation, and Spyce has built state-of-the-art technology that perfectly aligns with that vision. By joining forces with their best-in-class team, we will be able to elevate our team member experience, provide a more consistent customer experience and bring real food to more communities.”

Spyce: Branching out nationally

“Our team will work closely with sweetgreen to scope, manufacture and ultimately implement these technologies in sweetgreen stores, giving them a little bit of the magic of Spyce,” the founders said in a blog.

Spyce: Infinite Kitchen

“We are moving from a company that serves a few communities in the Boston area, to a company that has a national footprint. And we’re going from newcomers to being part of a leading brand that shares our same mission.”

Related Story:  Dexai Robotics Raises $5.5M To Develop Alfred, an Aspiring Robotic Chef

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2023/12/AMD_headquarters_santa_clara.624da707519a6.jpg
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…

https://dailyalts.com/wp-content/uploads/2023/12/RHCEU-Inline.jpg
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…

https://dailyalts.com/wp-content/uploads/2023/12/Samsung_UK_Samsung_Pay_Lifestyle_0552-revised-Pictogram-23.11.30-1024x744-1.png
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…

https://dailyalts.com/wp-content/uploads/2023/12/Revaia-founders.jpg
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…