The company has raised about $450 million from SoftBank Group Corp.’s Vision Fund. and other companies. She has hired restructuring firm Sherwood Partners to sell her assets, one source said. “Information” first announced the closure.
Zume did not respond to requests for comment.
Founded in 2015, the company was one of many trying to use robots to make pizza. The concept never caught on, and the technology ran into technical problems, such as preventing melting cheese from slipping off while pizza was being baked in moving trucks.
In January 2020, the company laid off more than half of its staff and switched to compostable packaging based on the know-how of the southern California company it acquired Pivot Packaging.