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August 21, 2018

Robolab, a robotics startup from Estonia just closed their second seed investment round of 650,000 euros to build AI-powered robot bartender - Yanu.

Estonia, August 20, 2018 - Robolab, a leading service robotics startup based in Estonia just closed their second seed investment round of €650,000 to build an AI-powered robot bartender called Yanu.

Yanu is the first portable, fully autonomous bartending unit that utilizes unique AI-technology to make the process of serving drinks more efficient and precise. The futuristic robotic bartender takes orders, processes payments, mixes and serves cocktails – nearly without human personnel. Yanu also uses chatbot technology, allowing the unit to communicate with clients, remember their drink preferences, and offer local sightseeing tips.

Funded by angel investors and Nostro Capital fund, Robolab will also run an ICO with a $10m hardcap from October this year to build community and raise additional money for scaling up the production. Angel investors who fund the project more than $150,000 become among the first owners of Yanu, and will receive tokens that purchase beverages that work at any of the devices. Purchases made in tokens give a substantial discount on both.

“For us this a great opportunity to build our global community and let retail investors be part of our growth story, plus blockchain enables us to solve several problems,” explains Robolab CEO, Alan Adojaan.

Yanu solves bottlenecks in both hospitality and entertainment sectors, such as rising labor costs, human error, high staff turnover and lack of sufficient training, all while returning valuable square footage back to business owners. Due to Yanu’s complete automation, it significantly reduces cost per drink by serving 100-150 drinks per hour. A similar performance would otherwise require up to 4 full-time workers.

First robots are expected to hit the market in early 2019. Yanu will initially be distributed in airports, restaurants, hotels, cruise ships, and entertainment venues globally.