Blendid offering is now closed and is no longer accepting investments.
INVEST IN BLENDID TODAY!
The Worlds First Autonomous Robotic Food Kiosk
$1,394,776.90 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 big box retail stores, universities, and malls, including select Walmart and co-branded Jamba locations in California, with plans to expand to Georgia as our next market. Blendid has optimized its operations through real-world experience, having served over 50K 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…
Empower operators to meet consumer demand for fast, healthy, affordable food options with greater consistency and lower overhead than traditional food service models
Give consumers fresh, healthy, and personalized food options on the go
Provide consumers with a contactless, safe, and all-digital experience
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
First mall location and second Jamba by Blendid co-branded location opened at the Stonewood Center in Downey, CA in October, 2021
Also in 2021, Blendid and Jamba 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.
In addition to expanding their relationship with Walmart and entering into a commercial agreement with 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
$1.82
DEADLINE
Nov 20, 2021
VALUATION
$56.93M
AMOUNT RAISED
$1,394,776.90
Breakdown
MIN INVESTMENT
$498.68
MAX INVESTMENT
$106,997.80
MIN NUMBER OF SHARES OFFERED
5,494
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Common Stock
MAX NUMBER OF SHARES OFFERED
1,098,901
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 | : | $9,999.08 |
Offering Maximum | : | $1,999,999.82 |
Minimum Investment Amount(per investor) | : | $498.68 |
Terms
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 5,494 |
Maximum Number of Shares Offered | : | 1,098,901 |
Price per Share | : | $1.82 |
Pre-Money Valuation | : | $56,927,497.90 |
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 discount of 10% Bonus Shares in the first 2 weeks of the compaign
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 - 15% bonus shares for investment of $25,000+
Tier 2 - 25% bonus shares for investment of $50,000+
Audience Based
Current and waitlisted investors get 5% bonus shares that can be stacked with Time Based or Amount Based bonus shares (whichever is higher of the two).
*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 $1.82/share, you will receive and own 110 shares for $182. 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.
Irregular Use of Proceeds
Example - The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.
ALL UPDATES
03.09.22
Blendid Officially Expands in Georgia!
Blendid is now officially operating in Georgia! We opened our third co-branded Jamba by Blendid location at Georgia College & State University in Milledgville, GA. This is our first college campus with Jamba and our first location operated by Sodexo. We're excited to be a part of this community and introduce the future of food robotics to all!
Quickly following this opening, we launched our fourth co-branded Jamba by Blendid location at Kennesaw State University in Marietta, GA! We're both invigorated and humbled by the excitement around our product, delighting hundreds of students and faculty since we opened a few weeks ago.
"Since the beginning, we have wanted to test the Jamba by Blendid kiosks on college campuses. We know there is increasing demand for more ways to access our products and by introducing our robotic kiosks at colleges and universities across the country, we are making it even easier for consumers to enjoy smoothies 24/7," said Geoff Henry, president of Jamba. "It has been rewarding to see guests engage enthusiastically with our kiosks, and we are looking forward to speaking with future operators who are interested in testing with us and learning more about the opportunity."
President of Jamba, Geoff Henry, had a lot of exciting takeaways about the recent openings! Read more for all the exciting news and details.
01.14.22
New Location Opening This Month!
The latest and greatest Blendid kiosk is officially making a cross-country move!
Any ideas as to which venue you'll be seeing Jamba by Blendid pop up in next? Here's a hint - this crop of customers will have some refreshing smoothies to keep them hydrated all semester long! We'll be ready to welcome them by the end of the month and look forward to adding the convenience of freshly blended, made-to-order smoothies to their routine.
12.03.21
QSR Magazine Highlights Blendid and Jamba Partnership
QSR Magazine recently interviewed Geoff Henry, President of Jamba, about the moves his company is making into the robotic automation space and how their partnership with Blendid will facilitate that. You can also access the article, titled Behind the Scenes of Jamba's Game-Changing Kiosk, here.
Check out some of our favorite quotes and highlights below:
- "Current trends indicate the kiosk is a winner," Henry says. Jamba became a market leader of what AI in foodservice could look like when it unveiled its first Jamba by Blendid robotic kiosk in Dixon in late 2020. Henry says the brand was one of the first smoothie concepts to pilot robotic kiosks as standalone units. "We're learning, and we're not afraid to experience mistakes along the way. That's only making us stronger. Just like any typical software, every iteration gets stronger every time they do a new release.”
- “We think this opportunity may help us accelerate our performance in the non-traditional space even faster than we were initially anticipating,” Henry says.
- “I had a lot of confidence going into this partnership that Blendid was on to something strong and that we would only make it even that much more stronger,” Henry says.
- "Already, operational performance has been excellent," Henry says. The majority of customers rank their satisfaction highly, and repeat order percentages are growing. Jamba plans to launch more units in a variety of channels in the first quarter of 2022, with the majority being those non-traditional units that offer Jamba a new type of growth potential.
- “It's entertainment, and it's amazing. It just represents so much of the progress that we've made as a society where we can get smart enough to have robots make customized, made to order, freshly blended, on-the-go smoothies.”
If you'd like to stay current on where the Blendid journey goes from here, make sure to sign up on invest.blendid.com and keep up with all the exciting milestones coming our way!
11.20.21
Campaign Closed! Thank You Investors!
And that’s a wrap! Blendid’s crowdfunding campaign closed last night, and we raised over $1.4M thanks to almost 900 investors! We want to express our sincere gratitude to our community of investors and followers who have championed our cause to make healthy food more accessible through robotics and automation. You are now a part of the Blendid story.
We have a ton of exciting milestones ahead of us, so 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.
And, stay in touch with us and our updates by following us on social media:
11.20.21
The Window is Now Shutting - Less Than 3 Hours Left!
We are down to the wire. There are just 3 hours left in this campaign, and we wanted to share one final reminder before our round closes! It’s been a thrilling 12 hours for the Blendid campaign, and we’d like to thank the over 840 investors who believe in our mission and helped us ride to $1.37M so far.
You don’t want to regret missing the unique opportunity to become a shareholder. Food tech is the way of the future, and Blendid is ahead of the pack in making healthy food accessible through automation. The clock is officially ticking, so invest now!
11.20.21
Only 6 Hours Left + $1.3M Raised!
The investor interest in our product can’t be stopped! We only have 6 hours left to go before this campaign closes for good, and we’ve already raised $1.3M!
Blendid is building robotic and AI-enabled food automation solutions that craft healthy and delicious smoothies. Here’s a select sample of our refreshing menu:
These are all customized to individual taste and nutrition. Recently signed commercial agreements will allow us to scale operations and achieve our mission of making healthy food more accessible.
If you haven’t invested yet, we encourage you to do so now! This kind of opportunity is rare, and you’ll want to get in early to fully reap the rewards.
11.20.21
Just 8 Hours Remaining + Limited Space Left
We’ve had an incredible raise so far that saw the announcement of new locations across multiple geographies, and we’re right at the finish line. Our campaign has raised over $1.2M as of this afternoon, and it ends TODAY in just a short few hours. Thank you to the over 750 investors that have already joined our mission.
Many people wish in retrospect to have invested in pioneering companies when they had the chance. We’re here to tell you that Blendid is in that moment, and you shouldn’t pass it up. The food robotics market is exploding and poised to change the way we eat, access food, etc. We're taking the industry by storm and positioned for success in a way that no one else is.
Don’t pass up the opportunity to be an early investor in a company that’s already scaling and has the backing of big brand partnerships. Act now, as space is limited.
11.19.21
FINAL Hours to Invest
The barrier to entry in the food robotics world is high, and as a result, many companies can only speak to their prototypes. Blendid has met those demands with cutting edge software, hardware, and supply chain operations to be operating in the real world!
You can find our automated kiosks in universities, shopping malls, and retail stores, 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 already served over 50K smoothies.
Our offering closes at midnight, so make sure to join us in changing the landscape of healthy food forever by grabbing your equity shares today!
11.19.21
15 Hours Remaining + Top 3 Reasons to Invest Now
Blendid’s crowdfunding journey is ending. The opportunity to invest is officially closing tonight.
With just a few hours left to purchase equity in one of the food tech world’s hottest startups, here are the Top 3 Reasons to Invest in Blendid!
1. 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!
2. 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.
3. 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.
Make sure to join the over 700 investors who are uniting with Blendid to revolutionize the healthy food automation industry forever!
11.19.21
FINAL Day! We Have the Momentum!
As we kick off the final day of our equity crowdfunding campaign, Blendid has claimed the top spot on StartEngine for the most momentum! 
This means we're generating interest all across the board and officially crossed $1M raised! We couldn’t be more excited for the support in our mission to disrupt the future of food through robotics and automation.
Vipin Jain, CEO of Blendid, had a few words of appreciation to share with our over 680 investors.
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.
$25,000
Tier 1 - $25,000+
15% bonus shares
$50,000
Tier 2 - $50,000+
25% bonus shares
JOIN THE DISCUSSION
0/2500
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
We want you to succeed and get the most out of your money by offering rewards and memberships!
SECURE
Your info is your info. We take pride in keeping it that way!
DIVERSE INVESTMENTS
Invest in over 200 start-ups and collectibles!
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
