Fresco Secures €15 Million in Series C Funding
Fresco, a company revolutionizing smart cooking experiences, has successfully closed its Series C funding round, securing €15 million. This financing comes from a coalition of investors passionate about the future of food and innovative kitchen technology.
Among the new investors participating in this round are notable figures such as Samuel Dennigan from Strong Roots, Barry Napier of Cubic3, and Tyler Hu from Arda. They join existing contributors, including Middleby, ACT Venture Capital, AE Ventures, Morpheus Ventures, and Alsop Louie Partners, all of whom share a vision for enhancing home cooking.
The Growing Smart Kitchen Market
The smart kitchen appliances market is anticipated to soar to around USD 60 billion by 2030. Despite this rapid growth, many appliance brands struggle to offer personalized cooking experiences at scale. Fresco addresses this challenge through its innovative platform.
This investment will expedite the development of Fresco's AI Cooking Companion—an intelligent sous chef designed to enhance cooking experiences. This tool suggests recipes, assists in real-time cooking, and syncs with various appliances, ensuring each meal is perfectly prepared. The Companion can be operated using screens or voice commands, providing flexibility for home chefs.
Expanding Partnerships and Reach
Recently, Fresco has formed partnerships with original equipment manufacturers (OEMs) like E.G.O. and Arda, enabling its technology to be integrated into a wide range of appliances. This strategic move promises quicker deployment of Fresco's KitchenOS and AI Cooking Companion across countless devices, significantly expanding their operational reach.
According to Ben Harris, CEO and co-founder of Fresco, the kitchen remains one aspect of life that technology has yet to fully transform. He emphasized the potential of Fresco to personalize and streamline cooking processes for users.
Intuitive and Connected Cooking Experiences
Fresco's platform supports a variety of cooking experiences across leading brands such as Panasonic, Instant Pot Brands, and Kenwood, allowing home cooks to enjoy guided cooking based on the appliances they own. The company's future plans involve scaling intelligent and personalized cooking to even broader audiences.
Investor Samuel Dennigan expressed excitement about Fresco’s vision, viewing it as a pivotal step toward enhancing how people cook and eat. He noted that Fresco's innovative approach to cooking not only addresses dietary choices but also the entire cooking process. This experience aims to be more personal and sustainable.
Transformative Kitchen Ecosystem
Barry Napier, CEO of Cubic3, also lauded Fresco’s ability to simplify and streamline smart cooking technology, enhancing its usability. He believes Fresco stands out as the only platform unifying hardware, connectivity, and AI to genuinely revise the traditional cooking experience.
About Fresco
Fresco is recognized as the trusted smart kitchen platform by top appliance brands, facilitating faster launches and improved user experiences. Supported by KitchenOS and the AI Cooking Companion, the platform connects diverse appliances across brands and accommodates rapid scaling and multi-language support. The company collaborates with a variety of partners, including Panasonic, Middleby, Kenwood, Instant Pot Brands, Bosch, GE Appliances, and LG, with operational offices in Dublin and Madrid. For further insights into Fresco’s innovations, interested parties can explore their website.
Frequently Asked Questions
What is Fresco's core business model?
Fresco focuses on providing smart cooking experiences through its innovative technology platform, supporting various appliance brands.
How much funding did Fresco secure in their latest round?
Fresco successfully raised €15 million in its Series C funding round.
Which prominent figures invested in Fresco?
Investors include Samuel Dennigan from Strong Roots, Barry Napier of Cubic3, and Tyler Hu from Arda.
What does the AI Cooking Companion do?
The AI Cooking Companion assists users with recipe suggestions, real-time cooking guidance, and intelligent appliance control, enhancing the overall cooking experience.
How does Fresco's technology integrate with appliances?
Fresco's technology can be quickly integrated into appliances manufactured by various OEMs, allowing for rapid deployment and enhanced user experiences.
