Cana, the corporate which was constructing an equipment that they claimed might create and customise nearly any beverage, shut down final week, The Spoon has realized.
In response to quite a few Linkedin posts from earlier staff, the corporate couldn’t safe funding and laid off all of its staff final week. Cana, which had raised $30 million in January final yr, promised to have the product able to ship someday this yr. However regardless of having a working prototype and model companions in place, Cana couldn’t increase the “funding needed to construct a manufacturing line for manufacturing and transport units.”
The information comes simply two months after the corporate introduced on none aside from Sir Patrick Stewart of Star Trek fame to be a model ambassador, a hail mary transfer that didn’t work out.
Like many startups these days, Cana discovered the drastically reshaped funding surroundings simply too troublesome to outlive. Shopper {hardware} startups have had a very powerful time in recent times, and Cana’s climb was made much more troublesome given the duty of growing and constructing a consumables manufacturing infrastructure.
The Cana imaginative and prescient of a make-anything drink machine all the time appeared a bit too good to be true, so it’s a bummer we’ll by no means see if they may have made it work if they’d gotten extra funding.
