SavorEat announces a half-million-dollar funding raise by the European investment fund, 2B AHEAD Ventures. The investment follows the development progress of Robot 2.0 and a successful and unprecedented activity in the USA.
The new version of SavorEat’s chef robot is attracting significant interest in the market, including from various funds and investors.
“We live in a reality where the market is facing more diverse challenges than ever before,” said Racheli Vizman, CEO and co-founder of SavorEat. “There is a need to address issues such as labor shortages, operational and supply chain problems, and various rising costs that have sharply increased in recent years. I am proud of our unity at SavorEat. It was no coincidence that we, together with the board, decided to continue developing technology on three different fronts – food, hardware, and software, and the investors understand this precise connection in the company’s solution.” She added, “Just like in any other industry, artificial intelligence is gaining respect in streamlining processes and costs, providing added value to end consumers (especially in personalization issues), and more. We are creating the potential for our customers to generate a more efficient income path. We thank 2B AHEAD Ventures for their trust in us over the years and for another opportunity to provide value to our industry.”
The future of the food tech market lies in personalization, posits Sven Gabor Janszky of 2B AHEAD Ventures. Consumers will increasingly seek to optimize their diets with tailored food and supplements rather than generic options. This shift will lead to the widespread use of AI-driven robots capable of quickly creating personalized meals in various settings, such as restaurants, supermarkets, and private kitchens.
“This is exactly what SavorEat is offering already today,” said Janszky. He mentions that they have been following SavorEat since 2019, recognizing its potential early on. As one of the first investors in the company, their continued investment at a higher share price reflects their confidence in SavorEat’s innovative solution. “It’s no coincidence that the technology developed by SavorEat has been predicted by Europe’s largest future research institute, 2b AHEAD ThinkTank, as one of the core technologies of the food-tech market in the coming years.”
