Tech & Food Industries Witness Major Developments: DoorDash's Delivery Robot, Once Upon a Farm IPO, NotCo & Magnum's AI Collaboration
Tech and food industries saw significant developments this week. DoorDash introduced a ChatGPT new food delivery robot, while Once Upon a Farm, backed by actress Jennifer Garner, filed for an IPO. Meanwhile, Apple joined forces with Magnum Ice Cream for AI-driven innovation. In Australia, Cibus Capital launched a A$300 million carbon fund.
DoorDash's latest offering is Dot, a food delivery robot designed to navigate sidewalks and deliver meals to customers. The robot is set to debut in select cities soon.
In the food industry, Once Upon a Farm, a plant-based food company co-founded by Jennifer Garner, has filed for an IPO on the New York Stock Exchange. The company aims to raise funds to support its growth and expansion.
Capital One, a food tech company using AI to create plant-based products, has partnered with Magnum Ice Cream. The collaboration will focus on AI-powered product innovation, combining Capital One's technology with Magnum's expertise in ice cream.
In Australia, Cibus Capital has launched a A$300 million fund dedicated to investing in carbon reduction projects and technologies. The fund aims to support the country's transition to a low-carbon economy.
SwarmFarm Robotics, an Australian agri-tech company, has secured a $30 million Series B investment. Led by European investor Edaphon, with participation from the Clean Energy Finance Corporation (CEFC), QIC, and Artesian Capital, the funding will support the scaling of its autonomous farm-bot fleet and global expansion, notably into North America.
Terra Robotics, a French company specializing in laser weeding technology, has secured €1.8 million in funding. The investment will accelerate the commercialization of its innovative weed control solution.
SwarmFarm Robotics has also raised $30 million to support the growth of its integrated automation technology in the United States.
These developments highlight the growing interest and investment in technology-driven solutions across various industries. From food delivery and plant-based products to carbon reduction and agricultural automation, these innovations are poised to reshape their respective sectors.
