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July 13, 2024

The Food Tech News Show: Food Tech Funding Down in 1H 2024

The Spoon has launched a new podcast!

As listeners of the Spoon Podcast know, it’s been both a long-form interview show and a news show. Since those who listen to interviews aren’t always the same as those who want their weekly dose of food tech news, we thought a dedicated news show made sense.

Meet the Food Tech News Show podcast! You can subscribe to the new The Food Tech News Show on Apple Podcasts, Pandora, iHeart Radio, and via RSS.

On this episode, Michael Wolf and Carlos Rodela welcome Peter Bodenheimer, a longtime food tech investor and operator, to discuss the current state of food and ag tech funding. In this episode, they delve into:

  • The decline in agrifoodtech investments in the first half of 2024, with startups raising $7 billion across 427 deals, a significant drop from H1 2023.
  • Upside Foods recently let a couple of dozen people go amid a tough funding environment and industry challenges due to state-level political challenges to cultivated meat
  • SharkNinja’s latest innovation, the Ninja SLUSHi Professional Frozen Drink Maker, makes commercial-grade slushies for home kitchens.
  • Chef Robotics is emerging from stealth mode to showcase its new robot and announce early customer partnerships.
  • The Thimus’ T-Box reads brainwaves to assess consumer reactions to food products. Is this the future of consumer CPG product testing?

Tune in to The Spoon’s new dedicated weekly food tech news show!

Those who would like to watch the video version of the show can check it out below.

The Food Tech News Show

July 8, 2024

Podcast: How is Kraft Heinz Preparing for the Future of Food?

For most Americans, Kraft and Heinz products – Oscar Mayer hot dogs, Kraft cheese, Velveeta, and Jell-O – have been in our cupboards and fridges for as long as we can remember.

But being a big company today doesn’t always ensure success in perpetuity. The world around us – due to climate change, new retail consumer touch points and emerging technology – is changing more quickly than ever. Add in rapidly shifting consumer tastes in our social media-saturated lives, and a company like Kraft Heinz has to transform itself to meet this constantly evolving market.

To hear how Kraft Heinz is meeting the challenge of adapting new technologies and reimagining its product lineup, I caught up recently on an episode of The Spoon podcast with the company’s President of R&D for North America, Robert Scott. Scott, a long-time exec with stints at Coca-Cola and Abbott before he took over R&D for Kraft Heinz, had lots of opinions about how to ensure Kraft Heinz adapts to a changing world.

As a part of this conversation, Robert talks about:

  • The company’s partnership with NotCo and how they are using the Giuseppe AI to develop new plant-based products.
  • How he sees AI becoming interwoven into the company’s product development cycles
  • Why they created a Freestyle-like machine for custom condiments called the Heinz Remix
  • The idea behind the 360Crisp and innovating our food products and how they cook in our kitchens
  • How Robert would advise aspiring food scientist to pursue a career path in food research and development
  • And much more!

You can listen in to our conversation on Apple Podcasts, Spotify or just clicking play below.

If you’d like to dive deep into how AI is changing food at places like Kraft Heinz, you’ll want to make sure to be at the Food AI Summit on September 25th in Berkeley, CA.

May 27, 2024

From Smart Toasters to Cookbox Mash-ups: The Story of Revolution Cooking

If you follow food Instagram or TikTok, chances are you’ve seen the touchscreen toaster from Revolution Cooking over the past couple of years. The company made a name for itself by creating the world’s most high-end, tech-enabled toaster, and just this past CES, it announced its second-generation toaster with Wi-Fi.

The CEO of Revolution, Tom Klaff, never thought he’d make toasters for a living. As a long-time tech entrepreneur, Klaff has spent his career building education software and telecom companies, but one day, his business partner Bruce Levenson told him about an idea for a new type of toaster, one with a new approach to heating the bread. Wanting to learn more about the toaster business, Klaff went to the housewares show in Chicago and saw that every bread crisper used the same type of heating element that’s been used for most of the past century.

When he returned from Chicago, he told Bruce he was in, but that he wanted to think bigger than just toasters. Tom thought that the heating technology, which combines infrared heating with algorithmic cooking optimization for specific types of food, could not only help create a new type of toaster but could also be applied to ovens. In other words, the heating technology could be a platform.

In this conversation with Tom, you can hear the entire story of Revolution, from those early days when they decided to add a touchscreen to his meeting with Oprah to this January’s launch of the company’s first non-toaster product, a countertop cookbox mashup of an appliance called the Macrowave.

Click play below to listen or hear our conversation on Apple Podcasts, Spotify or wherever you get your podcasts.

March 25, 2024

Podcast: The Story of Mill With Matt Rogers

If you follow the world of kitchen and consumer food tech startups, you know there hasn’t been much in the way of venture-funded startups targeting food waste in the home.

That changed last year when Mill lifted the veil on the company and its first product, the Mill Bin, a smart food recycler. The company’s unique approach included a subscription-based home food waste recycler and an accompanying service that would turn the food grounds into chicken feed. 

We decided to catch up with the company’s CEO, Matt Rogers, to hear about the journey to making Mill. During our conversation, we also talk about:

  • The early lessons in building a tech-powered food recycling appliance and service
  • Why Matt decided to target food waste after building a smart home company in Nest
  • The challenges in getting consumers to think about wasting less food
  • How better data can help us change consumer behavior 
  • The future of food waste reduction technology in the consumer kitchen

You can listen to the full episode below or find it on Apple Podcasts or wherever you listen to podcasts.

You can also watch the video of our conversation on YouTube or below.

A Conversation With Matt Rogers from Mill

If you want to learn more about Mill, you can head to their website or join us at the Smart Kitchen Summit where we will be hearing from company cofounder Harry Tannenbaum. Use discount code podcast for 15% off tickets.

March 1, 2024

Ralph Newhouse Tells The Story of Chefman and Chef iQ (and Drops Some News About Upcoming Products)

Around 2009, Ralph Newhouse’s company hunted down excess inventory of small electrics and would re-sell them into the secondary market. However, it wasn’t long before Newhouse realized he wanted to make his own appliances, and that’s when the Chefman we know today was born.

That was just the beginning of Newhouse’s journey into creating his own products. As he and Chefman started to see how new connected products made their way into the market over the past decade, he knew he could take his learnings from Chefman and create a new brand delivering more tech-forward connected products. That thinking led to the creation of Chef iQ, a startup within a startup focused on the smart kitchen.

According to Newhouse, he saw an opportunity to take the company’s know-how for making affordable cooking appliances and create products for consumers with tech-forward features that didn’t break the bank.

“We looked at the smart hardware and the ecosystem that was developing, we felt a lot of brands were kind of missing the mark,” Newhouse told The Spoon. “There were brands out there that were creating very expensive hardware, and it was difficult to make the value case to the consumer on why they needed something with the smarts at these elevated price points. We knew that if we took our expertise at the supply chain and married it with our infrastructure and the team we had over here, perhaps we could build something that had technology underpinning the experience but that the consumer wouldn’t have to pay for.”

Newhouse also tells the story about visiting China years ago and running into some employees from smart oven maker June. After they told him excitedly about the forthcoming launch of a new June Oven, he started to think about how expensive to build these complex connected products. Soon, he started to think maybe he and his company could bring some of these same features at a more affordable price point.

Those early thoughts led to the development of a new product the company will introduce at the Housewares Show (aka the Inspired Home Show) in March: the company’s first smart oven. According to Newhouse, the new Chef iQ smart countertop oven will feature air fry capability, soft door close, a newly developed DC brushless motor, and a touch display. The new oven, which will be connected through the Chef iQ app, will sell for an MSRP of $299.

Looking forward, Newhouse sees many other new products on the horizon, including the rollout of a built-in oven from Chef iQ in 2026.

“It’s something, by the way, I’m super stoked about,” said Newhouse. “It completes the ultimate vision. We look at that industry as ripe for disruption. We think a lot of brands are kind of scared to compete in that space because it’s just really never really been done before.”

You can hear the entire conversation from Newhouse by clicking play below, over on Libsyn, or through Apple Podcasts or the usual podcast spaces.

February 14, 2024

Podcast: Overcoming Obstacles To Build Kitchen Tech Hardware With Ovie’s Ty Thompson

Ty Thompson and the rest of the Ovie team recently passed a major milestone: They shipped their first hardware product.

The product, a consumer food waste management system, was over half a decade in the making. Along the way to market, the founding team faced numerous challenges around funding, finalizing the product concept and design, building prototypes for manufacturing, and finding the right manufacturer to work with.

Ty talks about all of these challenges and the lessons learned, including:

  • Battling mission creep around the product’s vision
  • How to find the right minimum viable product to get it into production
  • What you need to do (and what you shouldn’t do) when looking to find the right manufacturing partner
  • How to balance your life and your day job while hustling to build a startup

And much more!

You can listen to the full episode by clicking play below or you can find it in the usual podcast spaces such as Apple Podcasts and Spotify.

January 29, 2024

Chris Young: Generative AI Will Provide Big Payoffs in Helping Us Cook Better, But Overhyping It Will Burn Some Folks

Chris Young has never been shy about providing his thoughts about the future of cooking.

Whether it was on stage at the Smart Kitchen Summit, on his YouTube channel, or a podcast, he’s got lots of thoughts about how technology should and eventually will help us all cook better.

So when I caught up with him last week for the Spoon Podcast, I asked him how he saw things like generative AI impacting the kitchen and whether it was necessary for big appliance brands to invest in building out their internal AI competencies as part of their product roadmaps for the next decade. You can listen to the entire conversation on The Spoon podcast.

I’ve excerpted some of his responses below (edited slightly for clarity and brevity). If you’d like to listen to the full conversation, you can click play below or find it on Apple Podcasts or wherever you get your podcasts.

On the resistance by some to using advanced technology to help us cook better:

Young: “A lot of people are focused on going backward in the kitchen. They want to go back to cooking over charcoal and cooking over fire. That can be fun, but if you look back at what it was really like in the 19th century, the kitchen was not a fun place to be.”

“The modern kitchen is much healthier and much safer. And it does a better job of cooking our food. But we’ve kind of stalled, in my opinion, for the last couple of decades of really innovating and creating a compelling vision of what the future of the kitchen can be. I think the idea that our appliances are too stupid to know when to turn the temperature up or down to cook my food correctly is bizarre in the modern world where sensitive, high-quality sensors are cheap. And we have unlimited compute and AI now to answer a lot of these questions that humans struggle with, but I don’t see the big appliance companies or the incumbents doing this on their own. So, my small contribution was to create a tool that measures temperature and makes it very easy for people to do things with those measurements.”

On why it’s important to create a vision for the future of a technology-powered kitchen:

Young: “My criticism with a lot of people in this space is they haven’t sold a vision of what the future of that your kitchen could be like that resonates with people, that feels human, that makes it a place I want to go that is forward-looking rather than backward-looking. The kitchen of the 1950s, the kitchen of the 1920s, feels more human, feels more relatable, and I think people want that. It’s not to say you can’t create a forward-looking vision of a kitchen where it’s easier to cook food, it’s easier to bring people together and have everything work out right, but nobody’s really creating that vision.”

Combustion’s thermometer runs its machine-learning calculations on the chip within the thermometer rather than in the cloud where many AI compute happens. Young explains how – and why – they made that possible:

Young: “One of the crazy challenges was this is some pretty hardcore math. I think even we initially thought, ‘Oh, we’re gonna have to run this on the cloud, where we essentially have unlimited compute to run these fairly sophisticated algorithms.’ But we have some very clever software and firmware people on our team who have a lot of experience doing these kinds of hardcore machine-learning algorithms. And we were able to basically figure out some clever trick techniques to get the stuff running on the thermometer. The benefit is that it means the thermometer is always the ground truth; if you lose a connection, if you walk too far away, or if Bluetooth gets interrupted, or if any of that happens, the thermometer doesn’t miss a beat. It’s still measuring temperatures, it’s still running its physics model. So as soon as you reconnect, the results are there, and nothing has been lost.”

Young on the benefit of generative AI:

Young: “In the short term, AI as it’s being marketed is going to be disappointing to a lot of people. It’s going to burn some people in the way that IoT burned some people. But there’s going to be meaningful things that come out of it.”

“…When I was playing with ChatGPT 3.5 and I would ask it cooking questions, the answers were mostly garbage, as judged from my chef perspective. When GPT 4 came out, and I started asking some of the same questions, the answers were actually pretty good. I might quibble with them, but they wouldn’t completely fail you and they weren’t garbage. And if you modified the prompt to rely on information from Serious Eats, ChefSteps, or other reputable sources, all of a sudden, I might have given you a different answer, but it’s not necessarily better. And in many cases, what people want is a good enough answer. Building those kinds of things into the cooking experience where, when you run into a problem, or you’re confused about what this means, something like the Crouton app, or the Combustion app, or a website can quickly give you a real-time good enough answer, that actually solves your problem and keeps you moving forward and getting dinner done. Those I think will be really, really big payoffs, and that stuff’s coming.”

Young on whether big food and appliance brands should invest on building their own AI internal competency:

Young: “It’s hard to give advice when that’s not my business. But I have a few observations from having worked with these companies. It’s very hard to sustain a multi-year effort on something like an AI software feature. For these companies, that culture doesn’t exist, the way of thinking about the long term payoff of software tends to not be a strength of these companies. And so while they have the resources to go do this, the willingness to make those investments and sustain them, for years and years and years, and learn and iterate, that hasn’t proven to be their greatest strength.”

“I think that is kind of why there was an opportunity for Combustion, and for a company like Fisher Paykel (ed note: Fisher Paykel has integrated the Combustion thermometer to work with some of their appliances) to recoup the millions and millions of dollars, we’ve invested in the AI in our algorithms team. (Fisher Paykel) could maybe build the hardware, but doing the software, investing in the hardcore machine learning research, I think it would be very hard for them to sustain that effort for three or four years when they’re only going to maybe sell 12-25,000 units a year. We’re in a much better position because we can spread it across the entire consumer base.”

“And so I think you’re going to see more partnerships emerging between the big appliance companies that can provide the infrastructure, the appliance that’s got ventilation over it, that’s plugged into a 240 volt, 40 amp or 50 amp circuit. They’re going to be very good at that. If they basically open up those appliances as a platform that third-party accessories like the predictive thermometer can take advantage of, I think over the long term, they actually take less risk, but they actually get a market benefit.”

“Because as more small companies like Combustion can get wins by integrating with these appliances inexpensively and easily, making our products more useful, I think you’ll start to get a lot of things like the rice cooker no longer has to be a dedicated appliance that you put in a cabinet. Instead, it can be a special pot that goes on the stove. But now it can communicate with the stove to do what a rice cooker does, which is turn the power on and off at the right time. And now a lot of these small appliances can migrate back to the cooktop, they can migrate back into the oven.”

If you want to hear the full conversation with Chris Young, you can click play below or find the episode on Apple Podcasts or wherever you get your podcasts.

November 17, 2023

Podcast: Why Are CPG Brands Freaking Out About Ozempic?

On this week’s Spoon Podcast, SuperGut CEO Marc Washington joins me to talk about why new GLP-1 drugs like Ozempic and Wegovy keep CPG brand CEOs up at night.

These new drugs, which got their start as a new class of pharmaceuticals that help control type 2 diabetes, have become very popular in recent years as weight loss miracle drug. They are hugely effective in suppressing appetites and reducing the overall calorie intake of those taking them, so much so that some speculate that they could have a significant impact on the overall demand for food if, as predicted, tens of millions begin to take them in coming years as prices come down and they become available in more accessible formats. 

Marc’s company, SuperGut, creates a natural alternative to GLP-1 drugs in the form of supplements, snacks and bars. His journey to become CEO of SuperGut was born out of a personal loss and a chance meeting with Dave Friedberg, the CEO of The Production Board. 

You can listen to our conversation by clicking below, downloading to your device, or heading over to Apple Podcasts, Spotify or wherever you listen to podcasts.

October 1, 2023

Podcast: Food Tech News Wrapup – Wonder Buys Blue Apron, Elon Breaks Ground on Drive-In

We’re back after a couple weeks off to wrap up some of the top stories of the week. 

Mike and Allen talk about these stories:

  • Wonder acquires Blue Apron
  • Scentian wants to replicate insect smell capability using AI and sensors
  • Video from Serve Robotics leads to arrest and conviction 
  • Tesla has broken ground on  its Drive In Theater and Diner 

You can listen to the podcast on Apple Podcasts, Spotify, or wherever you get your podcasts. You can also listen by clicking play below.

Our Food AI Summit is in just three and a half weeks. Use discount code PODCAST to get 25% off of tickets!

September 1, 2023

Food Tech News: Samsung Heads Into the Kitchen, Robot Meets Artisan Pizza

The Spoon is back for another week of food tech news, and this week Michael Wolf and Allen Weiner talk about what’s going on in the smart kitchen, alt protein, CRISPR and more.

Here are the stories we talk about:

  • Samsung and LG play nice in the kitchen, and Samsung launches food app. 
  • MOTO Pizza, where you wait a month for your pizza order, is crazy about Picnic’s pizza robot
  • Pairwise reups partnership with Bayer for CRISPR-based innovation
  • GFI says plant-based meat sales were up in 2022
  • DoorDash is bringing AI to their apps and call centers

As always, you can just hit play below to listen to the podcast, head to Apple Podcasts, Spotify, or listen on your favorite podcast app.

As mentioned in the show, the Spoon is once again leading the charge for food tech at CES, the world’s biggest tech show. If you are interested in showcasing your future food or food tech innovation, head over to The Spoon’s CES page for more info.

Also, on October 25th, we’ll be bringing leaders at the intersection of food and AI together for a day of conversation. Please use the discount code PODCAST for 15% off tickets to the Food AI Summit.

August 25, 2023

Podcast: The Anti-Tech Grocery Store & Food Tech News of the Week

The Spoon Podcast is back after a summer hiatus with a food tech news wrap-up discussing some of the most interesting stories of the week!

In this episode, Spoon contributor Allen Weiner and I talk about:

  • Trader Joe’s says no to self check out
  • The continuing decline of plant-based meat sales
  • Academics are worried about implications for AI and automation on family meal
  • A 20 year success story: Mini Melts selling 30 million ice creams a year through its kiosks
  • Starship continues to grow, deploying sidewalk robots to 50 universities

You can listen to the full episode by clicking below or by finding The Spoon Podcast on Apple Podcasts, Spotify, or wherever you listen to podcasts! And while you’re at it, do us a favor and leave us a review!

As mentioned in the show, the Spoon is once again leading the charge for food tech at CES, the world’s biggest tech show. If you are interested in showcasing your future food or food tech innovation, head over to The Spoon’s CES page for more info.

Also, on October 25th, we’ll be bringing leaders at the intersection of food and AI together for a day of conversation. Please use the discount code PODCAST for 15% off tickets to the Food AI Summit.

June 19, 2023

Podcast: How One Operator is Reinventing His Restaurant With Technology

When Andrew Simmons decided to buy a restaurant in January 2020, little did the long-time entrepreneur know that in just a few months, he would be forced to close his doors due to COVID. 

But instead of giving up, he knew he had to get creative to survive. Survive he did, and when he reopened his doors, he kept tinkering, trying to figure out how new technology could make his restaurant more efficient. 

Andrew’s been an open book during the process, open-sourcing his learning as he navigates his journey via posts on Linkedin and a blog. He shares what works and what doesn’t, providing a potential blueprint for other operators thinking about how technology could change their business. 

During this podcast, Andrew and Mike talk about:

  • How the installation of a pizza robot from Picnic completely changed how he does business
  • How one piece of game-changing technology, like a pizza robot, forces other changes and adoption of new technology throughout the restaurant’s workflow
  • The impact of new technology on his unit price for pizzas 
  • How analytics software helped him realize his dine-in business was not profitable and how it changed his thinking about how he ran his restaurant
  • How he was forced to rethink how he used employees through the use of technology and how the employees (and former employees) have reacted
  • His pizza subscription concept and how he believes it can help him pay for opening new restaurants
  • Andrew’s plans to launch a 100-unit restaurant chain built using off-the-shelf restaurant technology

If you are considering using technology such as robotics for your restaurant, this episode is a must-listen! You can listen to the conversation on Apple Podcasts, Spotify or click play below.

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