Hyphen Technologies Secures $25 Million in Funding from CAVA Group and Other Investors.

Hyphen Technologies has received $25 million in funding from CAVA Group and other investors. The round was led by CAVA Group, with participation from existing investors.

Hyphen Technologies, Inc. has successfully closed a $25 million Series B funding round, led by CAVA Group, Inc. (NYSE: CAVA). The investment will support the company's efforts to scale its Automated Makeline, a digital order production system designed for the foodservice industry. The round also included participation from existing investors [1].

The funding will enable Hyphen to accelerate the development and deployment of its Automated Makeline, which combines advanced robotics with AI to enhance peak-hour capacity, improve order accuracy, and free up staff to focus on hospitality. This is particularly timely, given the surge in digital demand and persistent labor shortages in the restaurant industry [1].

Stephen Klein, Co-Founder and CEO of Hyphen, expressed optimism about the new funding: "This new funding is a testament to the impact Hyphen's team and technology are having on restaurant operations. We are galvanized by this investment to scale our manufacturing, support our growing customer base, and continue innovating as we build the future of foodservice" [1].

CAVA Group, a leading Mediterranean fast-casual restaurant brand, is eager to explore the potential of Hyphen's technology. Brett Schulman, Co-Founder and CEO of CAVA, stated: "By piloting Hyphen's automated digital makeline, we have the opportunity to increase order accuracy and speed during peak digital hours, while reducing complexity for our team members. That means more time spent delivering exceptional hospitality and crafting the Mediterranean flavors our guests love" [1].

The funding will also support Hyphen's partnership with Re:Build Manufacturing, a U.S. manufacturing company, and Ricoh USA, Inc., which will provide nationwide field service and support [1].

Hyphen's Automated Makeline has gained traction with notable investments from fast-casual chains like Chipotle and Sweetgreen. These investments signal a growing interest in labor-saving technology within the segment-leading fast-casual restaurant sector [3].

The company will use the new capital to further develop and deploy its makeline, with a focus on enhancing safety and efficiency. Cava's operations and food safety quality assurance teams will work with Hyphen to ensure the technology meets their standards before broader deployment [3].

References:
[1] https://www.prnewswire.com/news-releases/hyphen-raises-25m-to-scale-automated-makelines-302528651.html
[2] https://www.marketscreener.com/news/hyphen-technologies-inc-announced-that-it-has-received-25-million-in-funding-from-cava-group-inc-ce7c51dbdd8afe2d
[3] https://www.restaurantdive.com/news/cava-chipotle-invest-hyphen-automated-makeline/757450/