Eniai, a robotic kitchen startup, has secured $4 million in pre-Series A funding from Korea Development Bank to accelerate its entry into the U.S. market.
Target Company Information
Eniai, a South Korean startup specializing in robotic kitchen solutions, has successfully secured $4 million in pre-Series A funding from the Korea Development Bank (KDB). This funding round increases the company's total investments to $19 million. With this capital, Eniai plans to accelerate its entry into the U.S. market.
Based in New York, Eniai is rapidly expanding the commercialization of its cooking robot, 'Alpha Grill'. The device is currently operational in a burger restaurant, The Filling Station (TFS), and a Korean wrap specialty restaurant, The SSam, while also undergoing pilot tests with global fast-food corporations.
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Industry Overview in South Korea
The South Korean food and beverage industry is noted for its rapid technological advancements, particularly in the integration of automation and AI. With rising labor costs and a growing demand for consistent food quality, the need fo
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KDB (Korea Development Bank)
invested in
Eniai
in 2023
in a Pre-Seed Stage deal
Disclosed details
Transaction Size: $4M
Equity Value: $19M