Fast-casual competitors Chipotle Mexican Grill and Cava Group are coming to the table together to invest in the future of restaurant technology.
Hyphen, a foodservice platform that automates culinary operations—including meal production at assembly stations—has raised $25 million in Series B funding led by Chipotle’s Cultivate Next venture fund, which invested $15 million, and Cava, which contributed $5 million with an additional $5 million commitment subject to terms.
“This new funding from two of the most iconic brands in the fast-casual industry is a testament to the impact Hyphen’s team and technology are having on restaurant operations,” said Stephen Klein, CEO and co-founder of Hyphen, in the announcement released Tuesday.
Chipotle is a previous investor in Hyphen, but this ma