Venture Capital
Vending machines may get a makeover now that Byte Foods, a startup that makes so-called smart vending machines, raised $5.5 million in seed funding, According to a report in TechCrunch, the San Rafael, CA-based startup will use the proceeds of the funding to build awareness for its vending machines that are stocked with healthy food and drinks from vendors that are local. The machines are Internet connected, enabling the startup to take advantage of the growing Internet of Things,or IoT, market. Berg Insight, the market research firm, forecasts that by 2020 there will be 3.6 million or more Internet-connected vending...

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