The search for a quality cup of coffee at an affordable price may be over thanks to Artly and its barista robots
SEATTLE, WA / ACCESSWIRE / March 8, 2024 / Starbucks Corp. may be synonymous with coffee chains, but its market lock could be about to be disrupted thanks to Artisticallyand its robotic baristas.
If you’re interested in participating in a potential revolution in the coffee industry, check out Artly’s investment offer here.
Hailing from Seattle, Artly leverages artificial intelligence technology to develop robots that can prepare high-quality drinks without the need for human baristas. Customers can get a nice cup of java without having to wait in line at Starbucks.
Not just a coffee machine
Artistically is also not your run-of-the-mill automated coffee machine. Its patented AI technology is used to create robots that mimic the actions of expert human baristas. Artly coffee robots learn to use the same high-end artisan coffee equipment and tools used in specialty coffee shops across the country. Using motion capture technology, Artly records the actions of its championship-winning baristas, and using AI, robots adapt and replay the exact movement using imitation learning, computer vision, control robotics and the company’s proprietary large language models. The result: robot baristas capable of reproducing even the most complex recipes with the same precision as a human.
The quality doesn’t stop there. Artly’s in-house smart roasters produce small batches, which preserve the taste and quality of the coffee beans. Large coffee chains, including Starbucks, use a centralized, large-batch dark roasting process, which Artly says is designed to achieve uniformity and hide defects in the coffee bean, which tend to be of lower quality.
Starbucks doesn’t necessarily have a lock on the market. See how Artly is shaking things up here.
Growth and expansion
At last check, 19 Artly robots were deployed in nine coffee shops in cities across California and Oregon. Artly reports that its robots have served more than half a million cups of specialty coffee since its launch. Meanwhile, revenue increased to $1.83 million in 2023, up from $910,000 in 2022. Artly Cafe at the San Francisco Premium Outlet generated $40,000 per month in 2022 and an EBITDA margin of 40% due to its low labor costs and customer satisfaction. Meanwhile, Artly Cafe at Stewart 101 has achieved an average profit margin of 40% since opening. The nine Artly cafes have a positive EBITDA margin.
The small footprint of these robots is also driving the demand for the company’s robots. A standard Artly robot is less than 20 square feet. A store with two to three robots averages 100 to 400 square feet, much smaller than the square footage required for an average Starbucks store. This small footprint means fewer upfront costs for the coffee supplier, Artly explains.
In addition to expanding in the United States, Artly is also focusing on the Japanese market, a large consumer of coffee.
The coffee market is poised for more growth
It’s no surprise that Artly is experiencing sales growth. After all, the world seems to be in love with Java, and that’s not likely to change anytime soon. By the end of 2028, the global coffee market is expected to reach $497.89 billiongrowing at a CAGR of 4.52% from 2021 to 2028.
Despite this potential growth, Artly hopes to resolve some issues. As it stands, many consumers in the United States are willing to trade off quality for convenience when it comes to coffee. The lack of availability for a quality cup of coffee means most consumers settle for fast chains like Starbucks, which produce coffee in seconds. Specialty coffee shops also face high employee turnover rates and rising wages, making it difficult to make a profit on a good cup of coffee. Artly takes a lot of these costs out of the equation, allowing more stores to brew quality coffee at an affordable price.
The world may be in love with its coffee, but that doesn’t mean people have to settle down. Artly and its AI-based robotic baristas prove that Starbucks has no locks on the market, especially when it comes to quality. To see Artly’s robotic baristas in action, click here.
Click here to learn more about Artly’s investment offering and how to invest.
Featured photo by Liana Micah on Unsplash.
Contact:
Meng Wang
meng@bluehill.coffee
SOURCE: Blue Hill Tech, Inc.
View the original press release at accesswire.com
