A Seattle-based robotics company, Picnic Works, is going out of business and liquidating its assets through CMBG Advisors, a third-party firm in California.
Picnic Works invented a pizza-making machine that allowed a single worker to craft 130 pizzas per hour, although the machine did not actually cook the pizzas, according to The Puget Sound Business Journal.
The sizes and amount of ingredients still had to be chosen by the worker, but the machine did apply the cheese, sauces, and toppings.
Picnic Works hands its assets over to a third-party liquidator
On May 11, the company made a general assignment for the benefit of creditors to CMBG to sell all of Picnic Works’ assets. All proceeds from the sales will be distributed to Picnic Works’ creditors by CMBG, according to a legal notice obtained by The Puget Sound Business Journal.…