News 

Zimplistic, creator of flatbread-making robot Rotimatic, secures $30 million in series C funding

“The company subsequently secured angel investment in 2010 and raised funds from investors including Credence Partners, EDBI and NSI Ventures” writes Jonathan Loh for businessinsider.sg. Touted as the first of its kind in the world, Rotimatic combines AI-driven technology with internet connectivity to automate its flatbread making process.The company also received a special mention by Prime Minister Lee Hsien Loong in his National Day speech in 2016.The new investment will be directed towards converting the 25% of the world’s population that eats flatbreads into Rotimatic users, said Zimplistic, noting that the global kitchen appliances market is expected to surpass $250 billion by 2020.
 
Source: businessinsider.sg



Share This:

Related posts