US-based automated pizza delivery restaurant Zume Pizza has secured $375m in funding from an undisclosed investor to expand the business.
The company has announced the cash injection in a securities filing to the United States Securities and Exchange Commission.
Go deeper with GlobalData
However, The Wall Street Journal has reported that the funding was offered by SoftBank’s Vision Fund and the Japanese bank has plans to provide Zume with a further $375m.
Established in April 2016, Zume Pizza currently offers pizzas to customers in Atherton, Cupertino, Palo Alto, East Palo Alto, Menlo Park, Mountain View, Stanford, Santa Clara, Sunnyvale and Campbell.
The pizza chain uses robots, manufactured by Sweden-based ABB, to press dough, dispense and spread sauce and lift pizzas in and out of the oven and deliver pizzas to customers.
The company is planning to operate pizza delivery trucks equipped with remote-controlled ovens that use cloud-based technology to make and deliver pizzas while on-the-go.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataZume Pizza offers a range of menu items featuring pizzas and salads such as ‘bacon me crazy’, palak paneer pizza, BBQ chicken ranch, ‘thom be good’, Italian salad, and caeser salad along with a range of drinks and desserts.
In August, SoftBank Group was reportedly in discussions to invest from $500m to $750m in the start-up, according to Bloomberg.
