Fallen Pizza Startup Zume Shuts Down After Raising Millions
- The company pulled in about $450 million from SoftBank, others
- Baking pizza with robots in trucks was a technical challenge
Zume Inc., a one-time robot pizza business that came to represent the excesses of pre-pandemic venture investing, has shut operations, two people familiar with the matter said.
The company had raised about $450 million from SoftBank Group Corp.’s Vision Fund and others. It has retained Sherwood Partners, a restructuring firm, to sell its assets, one of the people said. The Information first reported the shuttering.