RoboBurger Shark Tank Update (Season 15)

RoboBurger is an autonomous burger chef vending machine invented by Audley Wilson. After receiving the order from the user, this machine grills and assembles the burger in just 4 minutes.

According to the company’s website, this machine has the facility of refrigeration, heating, ventilation, prep line, and cleaning, it will require only 220 – 240 volts of electricity to come into working condition and will also require 12 square feet of space to keep it.

Wilson received a scholarship to Carnegie Mellon University, where he met Dan Braido, who is currently the company’s Chief Technology Officer. Before 2019 they met Andy Siegel and they turned this machine into reality.

Image via ABC Shark tank

The restaurant owner can take this machine on lease by paying a charge of $67 per day. The special thing about this machine is that it cooks freshly grilled burgers from scratch.

Company NameRoboBurger
Founder/Co-FounderDan Braido, Audley Wilson, Andy Siegel
ProductAutonomous Burger Chef Machine
Asked For$1.5M for 5% equity
Final Deal$1.5 million as a loan at market interest rates for a 9% equity
SharkMichael Rubin Michael RubinKevin O'Leary Shark Tank Profile Kevin O’Leary
Episode (Shark Tank USA)S15 E21
Air DateApril 19, 2024
Business StatusIn Business
WebsiteVisit Website
HeadquartersJersey City, New Jersey, USA
Lifetime Worth (Sales)$8.4M *estimated
Buy and WatchBuy NowAmazon Prime

Another Shark Tank Pitch

Who Is The Founder Of RoboBurger?

The co-founders of this company are three people: Dan Braido, Audley Wilson, and Andy Siegel.

Dan holds a PhD in Chemical and Biochemical Engineering from Rutgers University and has worked in Process Systems Enterprise for approximately 8 years.

Wilson is the inventor of the product and CEO of the company. After taking the degree in Business Administration, he has worked in many companies, including Vimeo, Bark & ​​Co., and Arkadium.

How Was The Shark Tank Pitch Of RoboBurger?

Dan, Audley, and Andy appear on Shark Tank and ask the Sharks for $1.5m for 5% equity at a $30 Million Valuation. Andy invited Michael Rubin to test the burger machine. After the burger was ready, Michael tested it and said it was quite good. Lori Greiner liked the taste of the burger made by the machine.

Kevin O’Leary asked what it would cost if he leased 2 units of the machine for his office. Andy said that the monthly lease cost of each machine would be $3,000. They will provide all the services required for the machine at this monthly cost but it will not include food items.

They have sold approximately 12,000 burgers in 18 months and currently have 14 units on lease at various locations in the United States.

This year their revenues are $1.4 million and losses are $700,000. They estimate their revenue next year will be $7 million and profit will be $1.6 million.

Mark Cuban didn’t like the idea of ​​leasing the machine so he said he was out.

Michael said that he is an investor in Kevin Hart’s plant-based food company Hart House and he can bring this machine to Hart House but he doesn’t think it’s a business idea yet, so he’s out of it.

Lori didn’t understand this business model properly so she said she was out.

Michael offered $1.5 million as a loan at market interest rates for a 10% stake. Andy countered 2% equity. Michael said that this is a very difficult project and if he does not get 10% then he will not be able to do it.

Kevin decided to come into this deal with Michael. Andy countered 8% but Kevin said no. The final deal was signed with 9% equity.

Sharks Offers list!

Michael Rubin Michael Rubin$1.5 million as a loan at market interest rates for a 10% equity (#1)
$750K as a loan at market interest rates for a 5% equity (#2) (Kevin)
$750K as a loan at market interest rates for a 4.5% equity (#3) (Kevin)
Kevin O'Leary Shark Tank Profile Kevin O’Leary$750K as a loan at market interest rates for a 5% equity (#1) (Michael)
$750K as a loan at market interest rates for a 4.5% equity (#2) (Michael)
Mark Cuban Shark Tank Profile Mark CubanNo Offer
Barbara Corcoran Barbara CorcoranNo Offer
Lori Greiner Profile for Shark Tank Lori GreinerNo Offer
Founder’s (Countered)2% equity (Michael)
8% equity (Kevin & Michael)
Final Deals$1.5 million as a loan at market interest rates for a 9% equity

RoboBurger Shark Tank Update

After the episode aired on April 19, I checked the official website of RoboBurger and the website was taking a long time to load. Their website still needs improvement.

We are currently monitoring this company and its founders for valuable information.

What Is RoboBurger’s Net Worth?

They have losses of $700,000 and next year’s profit is expected to be $1.6 million. After diluting profits with losses, profit stands at $900,000. They have taken a loan of $1.5 million at a 10% interest rate for 1 year. The interest rate in this is $150,000.

Note: The loan period is not disclosed in Shark Tank, so we are assuming it is 1 year.

Calculate Formula: Current Equity−Liabilities = Net Worth

Their total repayment will be $1.65 Million. Current Equity is $900,000 and Liabilities are $1,650,000, based on this RoboBurger’s Net Worth is −$750,000.

Annual Revenue by Years

Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.

YearsAnnual Revenue
2024$7M *estimated
20231.4M *estimated

Funding Reports to Date!

YearsFunding AmountInvestor

On March 25, 2022, the first vending machine of this company was installed in Simon Mall in Jersey City. On October 20, 2022, the company raised a $10 million funding seed round led by Promethean Investments.

Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x