Represented Acacia Research Corporation (NASDAQ: ACTG) with its investment in Miso Robotics, a leader in robotics and artificial intelligence solutions. This investment is Acacia’s second in the field of Artificial Intelligence. Acacia acted as the lead investor during the round, bringing Miso’s funding total to $3.1 million. Miso intends to use the funds towards delivering its first commercial product, “Flippy”, a robotic kitchen assistant that improves efficiency in the restaurant industry.
Acacia also announced that it has entered into an intellectual property services agreement with Miso Robotics to assist Miso with developing AI-based solutions for the entire restaurant industry. Read the press release.
Acacia Research is an industry leader in patent licensing. Its subsidiaries partner with inventors and patent owners, license the patents to corporate users, and share the revenue. Acacia controls over 250 patent portfolios covering technologies used in a wide variety of industries.
The Newport Beach-based team representing Acacia included Mark Skaist, Jeff Estes, and Arash Lessantiz.