Seattle robotic that made 130 pizzas an hour — however could not bake them — is out of enterprise

A Seattle-based robotics firm, Picnic Works, goes out of enterprise and liquidating its belongings via CMBG Advisors, a third-party agency in California.

Picnic Works invented a pizza-making machine that allowed a single employee to craft 130 pizzas per hour, though the machine didn’t truly prepare dinner the pizzas, in line with The Puget Sound Business Journal.

The sizes and quantity of substances nonetheless needed to be chosen by the employee, however the machine did apply the cheese, sauces, and toppings.

Picnic Works palms its belongings over to a third-party liquidator

On May 11, the corporate made a normal project for the good thing about collectors to CMBG to promote all of Picnic Works’  belongings. All proceeds from the gross sales might be distributed to Picnic Works’ collectors by CMBG, in line with a authorized discover obtained by The Puget Sound Business Journal.

A normal project for the good thing about collectors permits for an bancrupt firm to switch its belongings to a 3rd social gathering. The course of is notably quicker and cheaper in comparison with a chapter submitting, although it doesn’t rule out any lawsuits towards the corporate or provide related restructuring choices for continued operations.

James Baer, CMBG President, confirmed that an entity had bought Picnic Works’ belongings however couldn’t disclose who or the value, in line with The Puget Sound Business Journal.

Picnic Works’ first robotic pizza maker, the Leonardo, was roughly seven ft large, 5 ft tall, and three ft deep. Later on, the corporate invented a smaller version dubbed the Michelangelo, which was lower than 5 ft large.

CEO shuffle, $5 million guess that didn’t pan out

In 2024, Picnic Works raised $5 million to concentrate on its new objective of high-volume, low customization purchasers, corresponding to cafeterias or stadiums, as a substitute of catering to pizzerias that create a number of types of pizzas.

The former CEO of Picnic Works, Clayton Wood, left the corporate in 2023, only some weeks after a spherical of layoffs. Three months later, the previous chief income officer of Lifelenz, Michael Bridges, took over as Picnic Works CEO and remained within the position for greater than two years.

Valeri Inting took over as CEO in September and remains to be listed on this position within the authorized paperwork, in line with The Puget Sound Business Journal.

Picnic Works was based in 2016 and employed roughly 20 employees as of 2024. The firm was headquartered in Interbay, although Picnic Works’ web site now exhibits an tackle out of Spokane.

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