Take heed to this text

Karakuri, a startup that makes use of robots to assemble prepared meals for meals trade shoppers, is closing down. Founder and CEO Barney Wragg made the announcement in a LinkedIn submit. The corporate provides its FRYR household of automated fry traces that management time, temperature, and amount when frying meals. It additionally provides SEMBLR, an automatic meal meeting system that may serve all kinds of components and cuisines.

Karakuri spent the final a number of months making an attempt to safe further funding, in line with a report from Sky Information. It had most lately been in talks with Henny Penny, a food-service gear producer.

After the negotiations with Henny Penny fell aside, Karakuri appointed directors. Information Sky reported that RSM, which has a historical past of working with Karakuri, possible is the administrator. Though a spokesperson from the corporate advised UK Tech {that a} “rescue deal is unlikely.”

In a press release, Karakuri stated: “After intensive negotiations with potential buyers and acquirers to discover all doable choices for the enterprise, we’re sorry to report that Karakuri has been unable to safe the funding required to proceed our developments and convey our merchandise to market.

“Consequently, as of right now, we’ll start to wind down our operations and are working with exterior advisors on the subsequent steps.

Karakuri CEO in regards to the shutdown

“We’d wish to thank all of those that have supported us on our journey, our buyers, prospects, suppliers, and most significantly our unimaginable group.

“Our precedence is now to assist the group members discover new roles. We’ll publish a listing of the gifted individuals who make up Karakuri and their expertise by way of LinkedIn shortly.

“Thanks once more in your help.”

Karakuri was based in 2018 by Wragg. Ocado purchased an almost 20% stake within the firm in 2019 for round £4.75 million ($6 million). On the time of the funding, Ocado noticed Karakuri’s expertise as a possible recreation changer for meals preparation.