Genie

Automated Cooking System

Agriculture & Food Technologies
Non Active, Apr 2022 ceased to operate

Company Overview

Snapshot

Founded in December 2010 by Ayelet Carasso, Dan Ariely, and Doron Marco, Genie operates with 11–50 employees. The company has raised $10 million across one funding round. In April 2018, Genie secured funding from Carl Marks & Co.

Business overview

Genie has developed a single-serving, pod-based cooking device that utilizes patented artificial intelligence and machine learning to prepare meals. The Genie robotic cooking system can cook and bake by hydrating, whisking, mixing, cooking, heating, boiling, and steaming, offering over 30 menu items including breakfasts, soups, pasta, noodles, and baked treats. The meal pods combine freeze-dried ingredients with raw components like herbs, spices, and grains. Genie operates in the Agriculture & Food Technologies sector, targeting consumers with its innovative food preparation technology.

Strategic signal

In April 2022, Genie ceased operations, indicating a significant shift in its business trajectory. This event signals to investors and innovation teams that the company is no longer active in the automated cooking system market, despite its earlier advancements in AI and machine learning for food preparation.

Company Intelligence Q&A

What is Genie's primary offering?
Genie offers an automated cooking system that uses a single-serving, pod-based device to prepare meals. This robotic system leverages artificial intelligence and machine learning to cook and bake various dishes in minutes.
When was Genie founded and by whom?
Genie was founded in December 2010 by Ayelet Carasso, Dan Ariely, and Doron Marco.
What is the current operational status of Genie?
Genie is currently non-active, having ceased operations in April 2022.
What is the total funding raised by Genie?
Genie has raised a total of $10 million across one funding round.
What types of meals can Genie's system prepare?
Genie's system offers over 30 menu items, including breakfasts, soups, pasta, noodles, and baked treats, utilizing meal pods with freeze-dried and raw ingredients.

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