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Benzinga
Benzinga
Business
Marc Guberti

Chipotle And Cava Are Pouring $25 Million Into Robot Kitchen Technology To Transform Fast-Casual Dining

Cava Chipotle Fortune
Robot,Housekeeper,Preparing,Food,In,The,Kitchen,Learning,From,Video

Chipotle (NYSE:CMG) and Cava (NYSE:CAVA) compete for health-conscious customers, but their recent team-up demonstrates where the industry is heading next.

Hyphen, a foodservice platform that has created innovative robot kitchen technology, has brought the rivals together. Chipotle invested $15 million into the startup, while Cava put $5 million down and committed an additional $5 million, subject to terms.

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