Startup News: Kodiak Robotics, Nuro and Miso Robotics new robot programs
October 18, 2022

Startup News: Kodiak Robotics, Nuro and Miso Robotics new robot programs

John Kimelman

The rise of the machines is here with Kodiak Robotics, Nuro and Miso Robotics' emerging programs

Once the stuff of science-fiction novels and episodes of the Jetsons, robots are increasingly making their way into our lives, bringing added efficiency and safety to everyday tasks.

In recent weeks, Kodiak Robotics announced a collaboration with Werner Enterprises, one of the nation's largest traditional trucking companies, to showcase how self-driving trucks can be used with a classic transfer hub model.

The partnership commenced in August with a week-long pilot program in which a Kodiak self-driving truck, accompanied by a human “safety driver,” completed four tours involving eight trips between Dallas and Lake City, Florida

In a similar pilot test announced this week, Kodiak has teamed up with furniture retailer IKEA to run deliveries from its Houston warehouse, to its stores in Dallas, a distance of nearly 300 miles.

And Nuro, a maker of small self-driving vehicles that are designed to transport consumer goods, has signed a 10-year deal with partner Uber Eats. Consumers can order food from various restaurants and a self-driving vehicle – which lacks driver’s seats or steering wheels – will soon be making deliveries in Mountain View, Calif. and Houston. After testing the delivery service in those two cities, the companies have plans to expand into the Bay Area.

The rise of the machines isn’t confined to autonomous vehicles. Miso Robotics has started rolling out its Flippy 2 robot, which automates the process of deep-frying potatoes, onions and other foods. A large robotic arm takes frozen French fries and other foods out of a freezer, dips them into hot oil, then deposits the ready-to-serve product into a tray. A number of restaurant chains have signed up to use this robotic fry cook, including Jack in the Box, White Castle, and CaliBurger.

Speaking of beverages, Bloomberg reported that Liquid Death, a three-year-old fast-growing bottled-water company that is valued at $700 million, received an additional $70 million investment from a group of backers including Science Ventures and Live Nation Entertainment. Liquid Death has brought creativity to a crowded industry by packaging mountain water in what resembles a beer can; one investor thinks it may be the fastest growing non-alcoholic beverage maker of all time. Indeed, the company could have a valuation of $1 billion in a year or so.

About the author: John Kimelman is a veteran financial journalist who has worked at Barron's and CNBC covering such topics as investing and commercial banking.

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PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES

The information and material presented in this article is provided for your informational purposes only and does not constitute an offer by Forge Global, Inc., Forge Securities LLC or any of its affiliates (collectively, "Forge") to sell, or a solicitation of an offer to buy any securities and may not be used or relied upon in connection with any offer or sale of securities. An offer or solicitation can be made only through the delivery of final offering document(s) and purchase agreement and will be subject to the terms and conditions and risks delivered in such documents.

This article does not constitute an offer to provide investment advice or service. Registered representatives of Forge Securities LLC do not (1) advise any member on the merits or prudence of a particular investment or transaction, or (2) assist in the determination of fair value of any security or investment, or (3) provide legal, tax, or transactional advisory services. Securities referenced in this article may be offered by Forge Securities LLC, member FINRA/SIPC.

Forge Securities LLC is a wholly owned subsidiary of Forge Global, Inc. Certain affiliates may act as principals in such transactions. Forge Data LLC is an affiliate of Forge Global, Inc. and Forge Securities LLC.

Investing in private company securities is not suitable for all investors. An investment in private company securities is highly speculative, involving a high degree of risk, and investors should be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid and there is no guarantee that a market will develop for such securities. Each investment also carries its own specific risks and investors should conduct their own, independent due diligence regarding the investment, including obtaining additional information about the company, opinions, financial projections and legal or investment advice. Accordingly, investing in private company securities is appropriate only for those investors who can tolerate a high degree of risk and do not require a liquid investment.