Blendid

The world’s first autonomous robotic food kiosk

Blendid

The world’s first autonomous robotic food kiosk

Sunnyvale, CA
Food & Beverage
Health Tech
Blendid builds robotic and AI-enabled food automation solutions. The company’s first product, a fully autonomous robotic kiosk, crafts healthy and delicious smoothies that are made fresh-on-demand and customized to individual taste and nutrition preferences. Having served over 40K smoothies already, Blendid is ready to scale operations and achieve its mission of making healthy food more personalized and accessible.

$264,235

raised
$421,270
previously crowdfunded
210
Investors
$49.9M
Valuation
$1.69
Price per Share
$498.55
Min. Investment
Common
Shares Offered
Equity
Offering Type
$2M
Offering Max
Reg CF
Offering

$264,235

raised
$421,270
previously crowdfunded
210
Investors
$49.9M
Valuation
$1.69
Price per Share
$498.55
Min. Investment
Common
Shares Offered
Equity
Offering Type
$2M
Offering Max
Reg CF
Offering

Rewards

Get rewarded for investing more into Blendid:

$498+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
Week 4
Invest week 4, receive 5% bonus shares
2
days
10
hours
9
mins
8
secs
$1,000+
Investment
First Volume Tier
$50 Jamba gift card for $1K+ investment
$2,000+
Investment
Second Volume Tier
$100 Jamba gift card for $2K+ investment
$5,000+
Investment
Third Volume Tier
5% bonus shares for investment of $5,000+
$10,000+
Investment
Fourth Volume Tier
10% bonus shares for investment of $10,000+
$25,000+
Investment
Fifth Volume Tier
25% bonus shares for investment of $25,000+

Reasons to Invest

With an addressable market of over $300B, Blendid has launched its first product, a robotic kiosk that crafts fresh smoothies using only the healthiest fruits, vegetables, juices, and superfoods
Blendid has a signed partnership with Jamba and has deployed its commercial product in multiple locations, including select Walmart locations in California, with plans to expand aggressively
Blendid’s proprietary contactless, food-safe, and NSF-certified technology is poised for increased market adoption in the post-COVID world. Their AI-driven platform has 10 patents granted or in-process

Overview


Healthy Food Made Accessible with Robotic and AI Technology

Healthy options always seem limited when we’re in a hurry. That’s where Blendid comes in. Their compact, accessible robotic food kiosk is designed to…


  • Give consumers fresh, healthy, and personalized food options on the go

  • Provide consumers with a contactless, safe, and all-digital experience

  • Empower operators to meet consumer demand for fast, healthy, affordable food options with greater consistency and lower overhead than traditional food service models

GIF

The Problem


Healthy Eating Is Expensive for Consumers and Operators

People generally want to eat healthy, provided they can find options that also taste great and are easy on their wallets. However, it’s challenging to get affordable, delicious, healthy food on the go. That’s because it’s usually either unavailable where and when they need it, too expensive, or not in line with their taste preferences.

At the same time, operators face their own set of challenges, including rising food costs (source), hiring challenges and wage increases (source), and increased demand for healthy, affordable food (source). Covid-19 has added additional pressures, including the need for contactless ordering, assembly, and delivery.

The Solution


Hello, Blendid

Meet Blendid: a compact, autonomous, contactless robotic food kiosk that can be installed in a wide range of locations to provide 24/7 fresh food service at low operational costs.

GIF

Robotics and AI are changing the way we live, work, and eat. Blendid deploys this technology in an 8x8 foot kiosk to give consumers access to healthy, affordable, and delicious food anywhere. 


The Blendid solution is designed to optimize the consumer experience and maximize operator effectiveness with cutting-edge technology.


  • Blendid’s vision algorithms learn and adapt to recognize ingredients, recipes, and levels; their continuous calibration ensures that errors are eliminated even across diverse operating environments
  • Blendid's AI engine continuously learns and adapts to consumer preferences 
  • Blendid has 10 design patents awarded (4) or in progress (6) for software-driven food preparation and cloud-driven distributed IoT management
  • The company’s Restaurant Management System provides a full suite of provisioning, monitoring, and analytics tools to manage and operate kiosks remotely

Vision System - a perfect pour every time  

Blendid’s AI Engine Knows Consumer Preferences:

Blendid’s Restaurant Management System enables remote monitoring

The Market


Global Demand for Healthy, Accessible Food

Covid-19 has spurred significant, rapid changes in the food industry. While this reality has been challenging, it has also created a lot of opportunity for food service providers.


Here’s what the Global QSR industry looked like in 2019: 


  • Fast Casual Restaurants = $48 Billion (Source)

  • Fast Food Restaurants = $239 Billion  (Source)

  • Managed Cafeteria = $50 Billion (Source)


And based on the values of the current QSR industry, there’s no question that consumers are after food that is not only cost-effective but also fresh and healthy.


Better still, the food robotics market is projected to reach $3.1 billion by 2025, expanding at a compound annual growth rate (CAGR) of 13.1% worldwide (Source).

In the US alone, Blendid has identified over 70,000 locations where the company's current offering is poised to bring value and capture market share. 

*Based on company research and management’s estimate of per-unit revenue.

Our Traction


Blending In

Blendid launched to the public in 2019 with locations at the University of San Francisco and Sonoma State University.


In 2020, Blendid signed pilot agreements with Walmart and Jamba:


  • First Walmart location launched in Fremont, California in October 2020

  • Second Walmart location, co-branded with Jamba, launched in November 2020 in Dixon, CA  

In addition to expanding their partnerships with Walmart and Jamba, Blendid is working with other global food management and retail brands to deploy in a wide range of food service locations, including: 


  • Grocery and retail locations

  • Colleges

  • Hospitals 

  • Fitness centers

  • Corporate offices

  • Airports

  • Shopping malls

What We Do


Autonomous Food Solutions for a Post-COVID World

Blendid leverages advanced technology—including robotics, machine vision, and artificial intelligence—to prepare and serve healthy, fresh, and delicious food.

The company’s first concept makes use of this technology to prepare vegetable- and fruit-based smoothies. Blendid’s smoothies are customized based on an individual’s preferences and made to order using nutrient-rich fruits, vegetables, seeds, and superfoods.


For the consumer, Blendid’s kiosk experience goes like this:


  1. Order at the kiosk on a tablet or ahead of time on the app

  2. Select and customize smoothie

  3. Receive notification when smoothie is ready,  approximately 3 minutes after ordering 

  4. Retrieve smoothie (stored inside the kiosk after being prepared)

GIF

All ingredients are either refrigerated or flash frozen to maintain freshness and optimal taste. Blendid uses only real, whole fruits, vegetables, and other nutrient-rich ingredients.

The Business Model


Profitable For Operators

As a food service technology provider, Blendid licenses its technology to large, established food service and retail operators with deep expertise in activating and managing food service locations.  


While they operate a limited number of Blendid-branded locations to try new concepts and or establish proof points,  Blendid’s business is primarily driven by licensed, co-branded products (like with Jamba!).


Here’s what Blendid operators can expect when getting set up:


  • Purchase Blendid kiosk for $100k and pay 20% of sales as a licensing fee for use of the food operating platform and technical support  

  • Benefit from 24/7 remote support and coaching from Blendid’s network operation center

  • See kiosk purchase price decrease meaningfully over time, as Blendid scales up production

Then, due to low operational costs associated with Blendid, an operator can expect to achieve significantly wider margins that they would have realized through a traditional food service model. 

How We Are Different


More Than Just A Robot

While a variety of robotic food vendors have emerged to capitalize on this expanding market, there is nothing quite like Blendid.


The company’s cutting-edge design is supported by:

Blendid also brings together deep expertise in three key areas that are critical for success in this space - Technology, Business, and Culinary.

Blendid has spent five years advancing each of these areas - with a rockstar team of leaders and advisors from each discipline. The result is a field-proven operating and hardware system that works with very high uptime and is already in-market serving customers. 

OUR LEADERSHIP


A Team of Driven Leaders 

Succeeding in a space as complex as Food Tech requires strong leaders with complementary skill sets and unrelenting drive. 


When cultivating their winning team, Blendid sought out a combination of skills, passion, and creativity to innovate. 


Meet Blendid's all-star leadership team and experienced board members and advisors:

The Vision


We Are Going Places - And We Know It

Over the next four years, Blendid has a vision to expand to thousands of national and international locations, with their food operating system automating a variety of cuisines to meet the needs and food preferences of millions of consumers.


This vision is supported by the growing food robotics market, which is estimated at $1.9 billion for the year 2020 and expected to reach $4.0 billion by 2026 (source).

Why Invest


Healthy Food Accessibility Is Ready to Launch

Food tech automation is here to stay and poised for rapid growth. Blendid has put in the work to build a strong foundation and is now ready to scale.  


Join Blendid in their mission to provide healthy food for everyone, everywhere!  

Offering Summary


Company

:

6D BYTES INC.

Corporate Address

:

440 N Wolfe RD M/S 215, Sunnyvale, CA 94085

Offering Minimum

:

$9,999.73

Offering Maximum

:

$1,999,998.39

Minimum Investment Amount

(per investor)

:

$498.55











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

5,917

Maximum Number of Shares Offered

:

1,183,431

Price per Share

:

$1.69

Pre-Money Valuation

:

$49,943,429.25











Voting Rights of Securities sold in this Offering

Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency, and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Company Perks*

Time Based

Early Bird Investor Bonus Shares

  • Week 1 - 20% bonus shares
  • Week 2 - 15% bonus shares
  • Week 3 - 10% bonus shares
  • Week 4 - 5% bonus shares

Amount Based

Volume-based Investor Bonus Shares (Not cumulative with time-based Bonus Shares; of these, investors eligible for both will receive the higher of the two)

  • Tier 1 - 5% bonus shares for investment of $5,000+ 
  • Tier 2 - 10% bonus shares for investment of $10,000+ 
  • Tier 3 - 25% bonus shares for investment of $25,000+

Volume-based Non-equity Incentive (Investors will receive only the largest volume-based gift card perk for which they are eligible)

  • $50 Jamba gift card for $1K+ investment
  • $100 Jamba gift card for $2K+ investment

Audience Based

Investors in the Company’s Previous MicroVentures Regulation CF campaign will receive 5% bonus shares (Cumulative; if relevant, this will be added to other Bonus Shares)

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

6D BYTES INC. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $1.69/ share, you will receive and own 110 shares for $169. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

The Company will not incur any irregular use of proceeds.


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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$3,951,860.00 USD
$5,566,553.00 USD
Cash And Cash Equivalents
$2,273,275.00 USD
$4,309,340.00 USD
Accounts Receivable
$5,710.00 USD
$15,541.00 USD
Short Term Debt
$2,030,144.00 USD
$918,583.00 USD
Long Term Debt
$2,664,753.00 USD
$535,645.00 USD
Revenues And Sales
$64,119.00 USD
$83,346.00 USD
Costs Of Goods Sold
$65,627.00 USD
$93,715.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$4,862,798.00 USD
-$4,088,468.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Notice of Funds Disbursement

10 hours ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Blendid has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Blendid be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Crunchbase highlights Blendid in an article about the rise of restaurant automation!

1 day ago

Blendid was featured in a recent Crunchbase article about the rise of automation as a solution for short and long-term labor shortages in the restaurant industry. The article highlights several trends currently driving food-tech innovation including a shift towards consumer-facing automation and contactless preparation.

Read the full article here and follow our campaign to learn more about Blendid’s role in the growing food robotics market!




Walmart and Jamba Partnerships Highlight

4 days ago

Did you know that Blendid has already partnered with Walmart and Jamba to deploy its autonomous robotic food kiosks? Our product is more than a good idea or a prototype in a lab… we’re out in the market and ready to scale! 

Keep following our campaign to learn more about the expansion opportunities we’re pursuing in 2021 with current and potential partners. 

This is the last week to get rewarded for investing early! Act now to receive 5% bonus shares.


Not all perks are cumulative. Investments between $10,000-$25,000 will earn a volume-based incentive of 10% bonus shares instead. Investments of $25,000 or above will receive 25% bonus shares instead.

Last day! Week 3 Investor Bonus

5 days ago

There will never be a better time to invest in the future of food robotics. We’re offering 10% bonus shares to investors who purchase equity before this incentive ends. 

Don’t miss this chance to maximize your investment in Blendid!


Not all perks are cumulative. Investments of $25,000 or above made during Week 3 will earn a volume-based incentive of 25% bonus shares instead.

Great momentum + Week 3 Investment Perk

11 days ago

Blendid’s campaign is off to a strong start. In our first 14 days, we raised nearly $170k. Thank you to the 140+ investors who now own a stake in the food robotics revolution!

We’ve already made incredible progress, but there’s still time to get rewarded for investing early! Purchase shares now to take advantage of our offer of 10% bonus shares in Week 3. Don’t miss this opportunity!



Not all perks are cumulative. Investments of $25,000 or above made during Week 3 will earn a volume-based incentive of 25% bonus shares instead.

Ends Today! Week 2 Early Bird Bonus

12 days ago

Today is the last day to receive 15% bonus shares when you make an investment in Blendid. Join the 130+ investors who have already secured their equity.

Invest now to claim your 15% bonus shares, and keep an eye on our campaign to stay up to date on exciting Blendid business developments.


Not all perks are cumulative. Investments of $25,000 or above made during Week 2 will earn a volume-based incentive of 25% bonus shares instead.

Strong Start + Week 2 Early Bird Bonus!

18 days ago

Thanks to the 100+ investors who joined us in the first week of our campaign, Blendid has already raised nearly $150k! Haven’t claimed your shares yet? It’s not too late to get rewarded for investing early. We’re excited to offer 15% in bonus shares on investments made in the next week.

Blendid's contactless and autonomous robotic food kiosk uses advanced technology - including robotics, machine vision, and artificial intelligence - to serve healthy and delicious food that’s customized to consumers’ individual preferences. Make an investment to join us on our mission to redefine the future of food service!

Act now to secure 15% worth of bonus shares!


Not all perks are cumulative. Investments of $25,000 or above made during Week 2 will earn a volume-based incentive of 25% bonus shares instead.

Last chance to claim week 1 bonus!

19 days ago

Today is the last day to take advantage of Blendid’s 20% bonus share incentive, which will increase your equity holdings by 20% when you make an investment. Don’t miss the chance to maximize your stake in the future of food robotics!

Invest today to claim an extra 20% in bonus shares!


Not all perks are cumulative. Investments of $25,000 or above made during Week 1 will earn a volume-based incentive of 25% bonus shares instead.

4/20 Food & Beverage Webinar Featuring Blendid

22 days ago

We’re thrilled to invite the Blendid community to join CEO Vipin Jain for a live webinar on Tuesday, 4/20 at 10AM PT (1PM ET). The event will be hosted by global venture studio Wavemaker Labs and will feature four innovative startups in the food and beverage space. 

These companies’ CEOs are looking forward to engaging the audience through brief presentations and live Q&A – don’t miss your chance to join them!

The webinar is free, but space is limited. Reserve your seat now!

You can now invest in Blendid! Act fast for a special bonus!

25 days ago

We’re thrilled to announce the launch of Blendid’s equity crowdfunding campaign on StartEngine! This week only, investors will receive an additional 20% in bonus shares

There’s no better time to invest in the world's first fully autonomous robotic food kiosk. Join Blendid’s powerhouse team in disrupting a $300B+ market with easier access to healthy, delicious food!

Don’t wait - Invest today!


This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Not all perks are cumulative. Investments of $25,000 or above made during Week 1 will earn a volume-based incentive of 25% bonus shares instead.

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