Sign up for dot.LA’s daily newsletter for the latest news on Southern California’s tech, startup and venture capital scene.
It’s 2 a.m. during a night out; you’re hungry, but all kitchens are closed and the food options are limited.
Piestro believes it has a solution. The El Segundo-based startup is developing a fully robotic vending machine for pizzas.
“You generally don't get really good or fresh foods [late at night],” Piestro founder and CEO Massimo De Marco said. “But being able to bring in something nice, fresh, hot and I want to say healthy—that was really the main factor we're wanting to bring to the masses 24/7.”
Before founding Piestro in 2020, Italy native De Marco helped launch Pasadena-based food delivery platform Kitchen United and had hospitality industry stints working for restaurateur Wolfgang Puck and the Hillcrest Country Club in Beverly Hills. To make his dream of an automated pizza machine a reality, De Marco has the help of a team of engineers with experience from the likes of Walt Disney Imagineering, NASA’s Jet Propulsion Laboratory, Boston Dynamics and Virgin Hyperloop.
Photo by Decerry Donato
Piestro founder and CEO Massimo De Marco examines the startup's pizza-making machine.
(Though he works remotely, De Marco said he spends at least one day a week in Piestro’s El Segundo facility overseeing the team and taste-testing the pizza. When asked about his daily slice count, he admitted: “I don’t count because I’m embarrassed!”)
Standing six feet tall and nine feet wide, Piestro’s machine is built with a glass window allowing customers to watch the process unfold inside. It’s similar to chains like Blaze Pizza or Pieology, where the pizza is made by workers in an assembly line—except Piestro’s machine requires no workers to produce a pie in a matter of minutes.
“We wanted to make that experience more interactive and show you that this is fresh stuff,” said Piestro engineer Darian Ahler—who also runs his own food automation startup, Bobacino. “You're not getting some frozen pizza sitting there; you're able to see your pizza constructed right in front of you, and that's super exciting and gets people more engaged with the brand.”
Piestro customers are updated on the status of their pizza via a screen.Photo by Decerry Donato
Piestro lets customers order through a touchscreen that lets them choose the toppings for their pizza. (The machine can hold six to eight different toppings at a time.) Once they pay, the customer’s name pops up on a screen indicating when the pie will be ready. The entire process usually takes anywhere from five to eight minutes, though Piestro wants to bring that down to four minutes.
De Marco said the company has already received more than 4,000 pre-orders for its automated pizza machine, with woodfired pizza chain 800 Degrees among its clientele. (De Marco declined to disclose the price Piestro is charging per machine.) Piestro believes its product is ideal for hospitals, airports, schools and apartment complexes that could use access to prepared food at all hours of the day.
The startup isn’t the only automated pizza game in town; there’s also Stellar Pizza, a Hawthorne-based robotic food truck founded by former SpaceX engineers. While Stellar’s model offers mobility, Piestro’s “hub-and-spoke model” has its own advantages, Ahler said.
After a pizza is ready to be picked up, the Piestro machine stores it in a compartment where it is kept warm. Photo by Decerry Donato
Though Santa Monica-based food-tech incubator Wavemaker Labs is Piestro’s lead investor, the company proudly boasts of the thousands of investors it has amassed through two separate equity crowdfunding campaigns. Piestro has raised more than $6 million in funding with the help of those campaigns, and is currently seeking to raise another $20 million to help scale its business.
De Marco noted that the startup’s crowdfunding investors include former food industry colleagues of his, from waiters to bartenders, who “totally understand this industry” and the value of the automation Piestro is looking to achieve.
“A busboy that worked with me 15 years ago told me he invested $1,000,” according to De Marco. “They want to get involved and feel like they're part of this new robotic revolution.”
- Miso Robotics Is Preparing to Launch a $40M Series D Raise - dot.LA ›
- Robots Will Conquer Food Delivery and Distribution - dot.LA ›
- Inside Wavemaker Labs' Push to Automate Restaurants - dot.LA ›
Subscribe to our newsletter to catch every headline.
Similar programs are common in the startup world and in the creator economy. For example, social media companies can use accelerator programs not only to support rising stars but to lure those creators—and their audiences—to the company’s platforms. Genies believes avatars will be a crucial part of the internet’s future and is similarly using its program to encourage creators to launch brands using Genies’ platform.
“I think us being able to work hands on with this next era—this next generation of designers and entrepreneurs—not only gets us a chance to understand how people want to use our platform and tools, but also allows us to nurture those types of creators that are going to exist and continue to build within our ecosystem,” said Allison Sturges, Genies’ head of strategic partnerships.
DIY Collective’s initial cohort will include roughly 15 people, Sturges said. They will spend three weeks at the Genies headquarters, participating in workshops and hearing from CEOs, fashion designers, tattoo artists and speakers from other industries, she added. Genies will provide creatives with funding to build brands and audiences, though Sturges declined to share how much. By the end of the program, participants will be able to sell digital goods through the company’s NFT marketplace, The Warehouse. There, people can buy, sell and trade avatar creations, such as wearable items.
Genies will accept applications for the debut program until Aug. 1. It will kick off on Aug. 8, and previous experience in digital fashion and 3D art development is not required.
Sturges said that the program will teach people “about the tools and capabilities that they will have” through Genies’ platform, as well as “how to think about building their own avatar ecosystem brands and even their own audience.”
Image courtesy of Genies
Founded in 2017, Genies established itself by making avatars for celebrities from Rihanna to Russell Westbrook, who have used the online lookalikes for social media and sponsorship opportunities. The 150-person company, which has raised at least $250 million to date, has secured partnerships with Universal Music Group and Warner Music Group to make avatars for each music label’s entire roster of artists. Former Disney boss Bob Iger joined the company’s board in March.
The company wants to extend avatars to everyone else. Avatars—digital figures that represent an individual—may be the way people interact with each other in the 3D virtual worlds of the metaverse, the much-hyped iteration of the internet where users may one day work, shop and socialize. A company spokesperson previously told dot.LA that Genies has been beta testing avatar creator tools with invite-only users and gives creators “full ownership and commercialization rights” over their creations collecting a 5% transaction fee each time an avatar NFT is sold.
“It's an opportunity for people to build their most expressive and authentic self within this digital era,” Sturges said of avatars.
The company’s call for creators could be a sign that Genies is close to rolling out the Warehouse and its tools publicly. Asked what these avatar tools might look like, the startup went somewhat quiet again.
Allison Sturges said, “I think that's probably something that I'll hold off on sharing. We will be rolling some of this out soon.”
- Bob Iger, Former Disney CEO, Joins Avatar Startup Genies - dot.LA ›
- Genies Raises $150 Million To Make Avatars For The Metaverse ... ›
“We actually took our units to market earlier this year,” Maguire said, “and we ran marketing ads for one week and we got picked up by various publications. This led to our pre-orders reaching up to 11.5 million which is spread across over 50 customers.”
But with any success comes roadblocks. Maguire admitted that the startup has struggled with production lead times due to the spike in demand of their accessory dwelling units (ADUs).
For Zuma’s Bradley, technology integration in the real estate space has been one of the biggest issues his team has encountered. The Santa Monica-based startup designs an AI leasing assistant for apartment complexes that aims to help property managers run efficient marketing.
“There’s a lot of legacy players in real estate," Bradley said, "which makes it very hard to integrate and design futuristic solutions.”
It's nothing new when companies that have long dominated the space reject or push back on new solutions.
While Bradley admits that there will always be pushback from so-called legacy players, he said that it comes down to having a really solid product and the ability to handle these customers.
Eng asked the panelists what advice they would give to an entrepreneur just starting out, and Forte quickly said that one must be flexible.
For example, Forte said that when he first launched his digital marketplace for building materials, it was based on the Instacart model that sold a variety of brands. Forte learned that nobody cared what piece of plywood showed up, whether it was from Martin Lumber or Home Depot. All that mattered to the customer was that the product arrived. So Forte took the feedback to his team and they rearranged the site to better cater to clients.
“Be highly convicted,” Forte said, “but hold them loosely because many of your assumptions may be wrong.” He also added that they should be willing to go along with the market.
Attendees networking at Azure's Culver City headquarters after the panel. Photo by Decerry Donato
- dot LA's Salon Looks at the Future of Proptech - dot.LA ›
- Top L.A. Proptech Companies in 2021 - dot.LA ›
- Culver City Startup Looking to 3D-Print ADUs in 24 Hours - dot.LA ›