The company developed technology for assembling ready-meals for food industry clients, but negotiations for a rescue deal with Henny Penny have fallen apart, putting the company's 30 jobs at risk.
Ocado bought a stake in Karakuri in 2019 for £4.75m, but the company has been unable to secure the funding required to continue operations.
The collapse of Karakuri highlights the challenges facing British start-ups in sectors such as robotics and the difficulties in getting funding for innovative deep tech start-ups in the UK.
LONDON DAILY ARCHIVE
Ocado-Backed Karakuri on Brink of Collapse as Rescue Deal with Henny Penny Falls Apart
Karakuri, a robotics start-up backed by Ocado, is on the brink of collapse.
18 June 2023 · 22:55 UTC
