Fallen Pizza Startup Zume Shuts Down After Raising Millions

Zume Inc., a one-time robot pizza business that came to represent the excesses of pre-pandemic venture investing, has shut operations, two people familiar with the matter said.

The company had raised about $450 million from SoftBank Group Corp.’s Vision Fund and others. It has retained Sherwood Partners, a restructuring firm, to sell its assets, one of the people said. The Information first reported the shuttering.

A robot places a pizza into an oven at Zume Pizza in Mountain View, California, in 2016.

Photographer: Marcio Jose Sanchez/AP Photo

Zume did not respond to requests for comment.

Founded in 2015, the company was one of many attempting to use robots to make pizza. The concept never took off, and ...