[2 November/CNBC]

SoftBank is reported to have committed to a USD 375 million into robotic pizza maker, Zume Pizza, from its USD100 billion Vision Fund, which is partly backed by Saudi Arabia’s Public Investment Fund. The filing on the investment by the company did not name the investor but the Wall Street Journal has reported that the investment, which values Zume at USD2.25 billion, has come from the Japanese bank. Zume employs a mix of robots and humans to create and deliver food and is exploring using trucks that carry remote controlled ovens to cook pizzas on route to customers; switching the ovens on from the cloud bypasses rules that prevent food preparation in moving vehicles. The company delivers pizza to a number of suburbs in Silicon Valley.