Blendid offering is now closed and is no longer accepting investments.
INVEST IN BLENDID TODAY!
The world’s first autonomous robotic food kiosk
$1,987,121.39 Raised
REASONS TO INVEST
Blendid and Jamba have signed a commercial agreement that will allow the companies to expand and deploy “Jamba by Blendid” kiosks across the country in various types of commercial locations. Blendid has also received a strategic investment from Focus Brands (parent of Jamba) as Blendid looks to scale up its manufacturing and operations to bring Jamba by Blendid kiosks to locations nationwide.
Blendid is already operating in retail stores and universities including select Walmart locations and a co-branded location with Jamba. Blendid has optimized its operations through real-world experience in colleges and supermarkets and has served over 45K smoothies already.
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.
A
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:
Order at the kiosk on a tablet or ahead of time on the app
Select and customize smoothie
Receive notification when smoothie is ready, approximately 3 minutes after ordering
Retrieve smoothie (stored inside the kiosk after being prepared)
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!
ABOUT
HEADQUARTERS
440 N Wolfe RD M/S 215
Sunnyvale, CA 94085
WEBSITE
View Site
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. Blendid recently signed a commercial agreement with Jamba and is ready to scale operations to achieve its mission of making healthy food more personalized and accessible.
TERMS
Blendid
Overview
PRICE PER SHARE
$1.69
DEADLINE
Aug 14, 2021
VALUATION
$49.94M
AMOUNT RAISED
$1,987,121.39
Breakdown
MIN INVESTMENT
$498.55
MAX INVESTMENT
$107,000
MIN NUMBER OF SHARES OFFERED
5,917
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Common Stock
MAX NUMBER OF SHARES OFFERED
1,183,431
Maximum Number of Shares Offered subject to adjustment for bonus shares
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.
ALL UPDATES
08.27.21
50,000 Smoothies Served!
Blendid has now surpassed 50,000 smoothies served across all of our locations in Northern California! We caught up with first-time customers of Blendid, Faye and her husband, who recently helped us cross that threshold at Walmart Fremont.
“This whole process was super precise. I feel like my smoothie has the perfect amount of every ingredient. We’re definitely coming back for more!” - Faye
08.14.21
Last chance to join the waitlist!
After reaching our funding goal this morning our Equity Crowdfunding campaign has accumulated over $221K on our waitlist. We want to express our sincere gratitude to our investors and those that signed up to invest but were waitlisted.
Our opportunity to join the waitlist ends at midnight. If you would like to have an opportunity to invest if space opens up, make sure to sign up.
If you missed your opportunity to invest in Blendid during this raise we encourage you to sign up for updates at Invest.Blendid.com to receive information about future investment opportunities.
08.13.21
We are Oversubscribed! 🎉🎉🎉
We’ve reached our $2M funding goal! Thank you to our over 1300 new investors, we’re so honored to be partnering with you to change the way people access healthy and delicious food. Funds from this raise will allow Blendid to scale up manufacturing and operations to bring Blendid kiosks to locations nationwide.
If you would like to be notified of future opportunities to invest in Blendid please submit your email here. You can also join our waitlist on StartEngine in case any investing space becomes available.
We would also like to thank those that have followed our campaign and invite you to continue following the Blendid journey as we transform how and what we eat, one robotic kiosk at a time. Please visit Invest.Blendid.com and join the Blendid community today.
Sincerely
Vipin Jain
CEO & Co-founder
08.13.21
Final Day to Invest! The best reason to join Blendid!
Today is the final day of our crowdfunding opportunity on StartEngine! We are thrilled with the outcome of our raise so far and are looking forward to a strong close tonight. With just a few hours left to invest, we wanted to share with you the Top 3 Reasons to Invest in Blendid!
Industry Leading Technology - Blendid’s product team has developed a suite of novel robotics, machine learning, and AI solutions that power our robotic kiosks. While Blendid’s sleek robotic arm is one of the most notable parts of our ecosystem, there is way more going on than what meets the eye!
Strategic Partnerships with Walmart and Jamba - Blendid and Jamba have signed a commercial agreement that will allow the companies to expand and deploy “Jamba by Blendid” kiosks across the country in various types of commercial locations.
Growth of Food Robotics Market - The US food robotics market, currently valued at over $400 million, is expected to reach $745 million by 2026 (9.1% CAGR)! Blendid is proud to be a leader in this rapidly growing market, with an autonomous robotic food kiosk already successfully deployed in multiple locations and with exciting plans for further expansion in the works.
There are many more compelling reasons to invest in Blendid. Make sure to join the over 1000 investors who are uniting with Blendid to revolutionize the healthy food automation industry forever!
08.12.21
Closing Soon! Blendid Featrued in Forbes
With just one day left we have raised $1.45 M from almost 1000 investors!
Just one day remains to become an equity shareholder in Blendid! Don’t miss your chance to become an early investor in the food robotics company that’s leading the industry with key partnerships and proven market fit!
Since launching our first commercial kiosk in March of 2019 Blendid has received press coverage from across the media landscape. Today we’re sharing our feature in Forbes for those that may have missed it.
Forbes writer Louis Biscotti says about Blendid, "Artificial intelligence is part of the picture, but so is something traditional: fresh, healthy ingredients. While high tech is one trend, a taste for healthy ingredients is taking hold in the pandemic, and that, while not new, may prove another powerful force going forward."
With just one day left in the StartEngine crowdfunding offering, we encourage you to grab your shares before the window closes! Also, check out some more mentions of Blendid on our press page!
08.12.21
1 day left to invest!
Just one day remains to become an equity shareholder in Blendid! Don’t miss your chance to become an early investor in the food robotics company that’s leading the industry with key partnerships and proven market fit!
Since launching our first commercial kiosk in March of 2019 Blendid has received press coverage from across the media landscape. Today we’re sharing our feature in Forbes for those that may have missed it. This article talks about Blendid's partnership with Jamba in Walmart.
Forbes writer Louis Biscotti says about Blendid, "Artificial intelligence is part of the picture, but so is something traditional: fresh, healthy ingredients. While high tech is one trend, a taste for healthy ingredients is taking hold in the pandemic, and that, while not new, may prove another powerful force going forward."
With just one day left in the StartEngine crowdfunding offering, we encourage you to grab your shares before the window closes! Also, check out some more mentions of Blendid on our press page!
08.11.21
Final Webinar - Updated Time
Our Final Investor webinar is tomorrow at 10 AM PST (1 PM EST)!
Please join Blendid CEO Vipin Jain and VP of Marketing Covahne Michaels for our final Investor Webinar. Learn more about Blendid’s opportunity and have your questions answered live!
Space is limited - reserve your seat now!
08.11.21
Two Days Left in Offering!
With just two days left in our crowdfunding opportunity on StartEngine, we encourage you to join the Blendid community and grab your equity shares now! Blendid is on a mission to make healthy food more accessible for anyone, anytime, anywhere.
We’re over 65% funded!
As of today Blendid has raised over $1.3M and we have just $700K before we hit our funding goal. Don’t miss your chance to become an equity investor!
Invest in a future of healthy food options. Join us today!
08.11.21
Final Investor Webinar! Offering closing Friday!
In case you missed it - We are hosting a Final Investor Webinar.
Our limited public offering is ending in just two days! Make sure to tune in for a special bonus webinar with Vipin, joined by Covahne Michaels, Blendid's VP of Marketing, as they discuss the company's investment opportunity and answer questions from participants in an Ask Me Anything format.
Your chance to become an early investor in Blendid is ending soon. Don't miss your opportunity to invest in one of the leaders of the food robotics movement - Invest Now!
Click here to sign up! Grab your seat before they fill up!
08.10.21
Blendid’s Operations Team Growing! Closing Soon!
Our autonomous kiosk is already in the market serving customers and will be opening more locations this year! To keep up with demand, Blendid’s Operations team is expanding to support growth in the Southern California area.
We are thrilled to announce our appointment of Ben Reed as our Southern California Operations Support Lead. Ben previously served as a Brand Ambassador in Northern California, supporting the activation of 3 locations.
Join our Live Investor Webinar today at 1:00 PM PST!
Blendid is growing with incredible momentum, and we are excited to see that extend to the Southern California region.
REWARDS
$498
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.
$1,000
First Volume Tier
$50 Jamba gift card for $1K+ investment
$2,000
Second Volume Tier
$100 Jamba gift card for $2K+ investment
$5,000
Third Volume Tier
5% bonus shares for investment of $5,000+
$10,000
Fourth Volume Tier
10% bonus shares for investment of $10,000+
$25,000
Fifth Volume Tier
25% bonus shares for investment of $25,000+
JOIN THE DISCUSSION
0/2500
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
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