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Cosi

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Founded Year

1994

Stage

Unattributed VC | Alive

Total Raised

$52.1M

Last Raised

$15M | 22 yrs ago

About Cosi

Cosi is a Leisure/Restaurants company based in Deerfield, Illinois. Cosi's investors include Ziff Brothers Investments and Invesco.

Headquarters Location

1751 Lake Cook Road

Deerfield, Illinois, 60015,

United States

847-597-8800

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Cosi Patents

Cosi has filed 2 patents.

The 3 most popular patent topics include:

  • Allergology
  • Conditions of the mucous membranes
  • Goldfish breeds
patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/9/2019

7/20/2021

Technical drawing, Honeycombs (geometry), Goldfish breeds, Physical oceanography, Polycyclic nonaromatic hydrocarbons

Grant

Application Date

9/9/2019

Grant Date

7/20/2021

Title

Related Topics

Technical drawing, Honeycombs (geometry), Goldfish breeds, Physical oceanography, Polycyclic nonaromatic hydrocarbons

Status

Grant

Latest Cosi News

LRS acquires Lee’s Trash Service in Arkansas

Aug 25, 2022

LRS acquires Lee’s Trash Service in Arkansas Lee's Trash brings to LRS more than 25,000 subscription and municipal residential customers, large commercial and construction roll-off lines of business to LRS. August 24, 2022 LRS, an independent waste diversion, recycling and portable services providers based in Rosemont, Illinois, has announced an expansion of its LRS South territory with the acquisition of Lee's Trash Service, Atkins, Arizona. The Arkansas River Valley business provides residential and commercial waste disposal and roll-off container services. According to a news release from LRS, advisory and legal services were provided by Capstone Partners and Much Shelist, respectively. The acquisition is effective immediately. LRS says the acquisition adds density to its Arkansas River Valley footprint, including more than 25,000 subscription and municipal residential customers and commercial disposal customers. It also offers a roll-off presence in commercial and construction markets and a transfer station to support continued regional expansion. According to a news release from LRS, Lee's Trash Service  was founded in 1983 and transformed from one collection route to one of the premier waste service providers in the Arkansas River Valley. LRS says for more than 30 years, founder Tony Lee has scaled his business with an entrepreneurial spirit rooted in family values and customer service excellence. Lee will remain with LRS in a senior operations role as the company grows its regional presence. LRS entered Arkansas with the Nov. 2021 acquisitions of Orion Waste Solutions territories in Bethel Heights and Harrison in northwest Arkansas, and Waste Recycling Solutions' RAMCO vertically integrated waste and recycling business in Little Rock, Arkansas, which included a construction and demolition landfill located in Mayflower, Arkansas. "We are thrilled to see our presence across the south-central states take shape and densifying in Arkansas, where the demand for responsible waste diversion and recycling remains strong," says Rusty Janssen, who joined LRS as part of the Ramco acquisition and now serves as senior vice president for LRS South. "As we grow and expand, LRS will be working to invest in recycling and waste diversion infrastructure to fulfill residential and commercial demand, and we remain on track to change the face of trash in Arkansas. "   The acquisition of Lee's Trash Service is LRS' 10th to date in 2022 . In 2021, the company amassed 22 acquisitions to complement its organic revenue growth across the nation's midsection. Casella and Recology are among the MRF operators the company will supply with new systems. August 24, 2022 Plessisville, Quebec-based Machinex says it has completed a record-setting second quarter that involved contracting with a number of companies to deliver turnkey systems in 2023 for their material recovery facilities (MRFs) that integrate high-technology equipment. Machinex says the projects share an emphasis on innovation and technology, prioritizing interconnectivity, artificial intelligence and high-tech equipment to optimize MRF operations. The company says it will provide at least seven Mach Hyspec optical sorters to the 50-ton-per-hour Recology MRF in Santa Rosa, California, to help meet the MRF operator’s objectives for significant additional capacity and increased automation within the footprint of its existing facility. “This project provides a lot of opportunity for us to increase the capacity and efficiency of our facility while simultaneously improving the quality of our products and increasing the diversion of the recyclable material we receive at the Recology Sonoma Marin MRF,” says Sal Coniglio, CEO of Recology. “It also allows us to further reduce our emissions—a huge focus and point of pride for our company. “By partnering with the trusted experts at Machinex and investing in this cutting-edge technology, we’re taking a giant step towards achieving our resource recovery goals and delivering on our vision of a world without waste,” he adds. Machinex says its longtime partner Casella Waste Systems, headquartered in Rutland, Vermont, selected the company for projects in Charlestown, Massachusetts, and Willimantic, Connecticut, that involve new MRFs. “Working with Casella over the years has always been a pleasure,” Chris Haws, CEO of Machinex Technologies Inc., the company’s U.S. subsidiary, says. “The system components have been proven within past retrofits, and the collaborative knowledge of both the Casella and Machinex teams will bring to life systems that we are both proud to say we designed. With experienced operators, we pride ourselves in designing the system with the customer as opposed to for the customer,” he adds. Machinex  says it also will deliver a new single-stream MRF to another longtime client in western Canada. This project has a processing capacity of 27 metric tons per hour and integrates five Mach Hyspec optical sorters and a SamurAI sorting robot. The company says this MRF operator continually has invested in its MRFs to ensure highly automated, flexible systems. “We strive to provide industry-leading customer experience from the start of the sales process through project management, installation, startup and, last but certainly not least, our after-sales support,” Hawn says. “I feel it is a testament not only to our equipment but more importantly to our entire project team that we have such great customer retainment.”  Machinex also was selected by another repeat customer, Rumpke Waste & Recycling , headquartered in Cincinnati, to deliver a new 56-ton-per-hour residential single-stream in Columbus, Ohio. The new MRF, one of the largest dedicated residential single-stream systems in the country, will feature a high degree of automation. The Remade Institute, a public-private partnership established by the U.S/ Department of Energy (DOE), has announced a new technology license involving an innovation that enables easier and more cost-effective precious metals recovery from end-of-life electronics. Developed with support from West Henrietta, New York-based Remade, the technology is part of a research and development project it first funded in 2020. The project, “Low-Concentration Metal Recovery from Complex Streams Using Gas-Assisted Microflow Solvent Extraction (GAME),” is in progress and is led by Wencai Zhang, Ph.D., an assistant professor in the Department of Mining and Minerals Engineering at Virginia Tech’s College of Engineering, and Aaron Noble, Ph.D., an associate professor in the same department. Phinix LLC , Clayton, Missouri, is the industry partner on the project. Remade's tech team oversees the project, ensuring it meets technological milestones laid out by the institute and the DOE. Details of the technological innovation, which involves the hardware setup and the process, are the subject of a pending patent and are confidential. All proprietary process advantages make it more cost-effective to recover precious metals from various electronics wastes destined for landfill. The intellectual property has been exclusively licensed to Phinix LLC, which provides research, development, technical and marketing consulting; expert legal testimony; and due-diligence services in the areas of process and product development and commercialization and recycling for light metals, electronics, municipal solid waste and rare-earth elements. The company was founded by CEO Subodh K. Das, Ph.D. “Congratulations to the entire project team, including the researchers with Virginia Tech, the team at Phinix and our tech team at the institute,” Remade CEO Nabil Nasr says. “A new technology license is a great accomplishment, and we believe it will be incredibly valuable to U.S.-based electronics recycling companies.” Zhang, the R&D project’s principal investigator, says the research ultimately seeks to develop technologies to make it easier and more cost-effective to recover precious metals from personal computers (PCs). “The printed circuit boards (PCBs) found in PCs that have reached their end-of-life are among the most promising sources of gold and silver,” he says. “We need to do everything we can to make it easier and cheaper to recover these critical minerals and enable manufacturers to reuse them.” Typical PC motherboards contain 566 parts per million (ppm) gold and 639 ppm silver—the gold being more than an order of magnitude above typical economic ore grades, Remade says. Remade Chief Technology Officer Magdi Azer says the tech license is another milestone for the public-private partnership, which seeks to increase the reuse, remanufacturing, recycling and recovery of four energy-intensive materials: metals, polymers/plastics, fibers/papers and electronics. “ Remade  is selective in funding R&D projects that have the greatest potential to reduce energy consumption, decrease greenhouse gas emissions, decrease the use of raw or primary materials, and increase the use of recycled or secondary materials,” Azer says. “This particular R&D project is capable of developing technologies to increase the recovery of precious metals from e-waste, providing a valuable resource to U.S.-based electronics companies and other U.S. manufacturers, and, as a result, increasing the resiliency of the U.S. supply chain and decreasing the nation’s reliance on minerals from other countries.” Das says Phinix is eager to partner with electronics manufacturers that want to use the technological innovation to recover precious metals, including gold, silver and palladium, from their end-of-life PCs. “Gold, silver and copper are the most valuable recovered resources. Our project has involved the recovery of gold and silver. This innovation is a potential boon to U.S.-based electronics companies, many of which are actively searching for ways to recover precious metals from their products. We can help these electronics companies recover and reuse these end-of-life resources and assist U.S. manufacturers in other industries interested in these recovered precious metals as well.” When Rumpke Waste & Recycling announced plans to construct a $50 million material recovery facility (MRF) in Columbus, Ohio, much attention was paid to the advanced technology that would be incorporated into the MRF with Rumpke officials calling the MRF the “most technologically advanced recycling center in the United States.” The Cincinnati-based MRF operator has designed the Columbus facility to account for the evolving recycling stream, with technology to address as many commodities as possible. But just as important as the recovery of recyclables were the company’s community partnerships. Rumpke Director of Recycling Jeff Snyder says that in developing the Columbus facility, called the Rumpke Resource Recycling Center, the company wanted to focus on environmental and sustainability initiatives as well as education—not just for consumers but also for those seeking careers in the recycling industry or those currently studying its impact. He describes Rumpke’s efforts in Columbus as a three-phase approach, noting partnerships with neighborhood organizations, The Ohio State University (OSU) and COSI (Center of Science and Industry)—an interactive science center that opened in 1964 to offer educational resources and hands-on learning to people of all ages. The first phase involves the creation of a research and development (R&D) center in collaboration with OSU, allowing students and faculty to have a space inside the MRF to work on-site and undertake R&D, engineering, sustainability and green economy projects, among others. As the facility has progressed, Snyder has met with officials from OSU’s Sustainability Institute—a collaboration between academic and operations units across the university that aims to establish OSU as a leader in sustainability research and applications—to determine the direction of the partnership. “It could be anything from communications to how brands can make products that can be more highly recyclable. We can provide space for capstone projects,” he says. “Ohio State has a huge engineering department and robotics department, [and] we have robotics today, so how can we incorporate artificial intelligence [with] what Ohio State knows? And [how can we] incorporate that into current manufacturing or sorting of recyclables? How can we get better at sorting that what we are today?” Snyder adds that Rumpke felt it was “critically important” to partner with OSU in the development of the Columbus MRF and to usethe research being done in its own neighborhood. In continuing with its commitment to education, Rumpke also is developing a recycling resource center with a focus on career development. Snyder saysthe center will offer job training for various environmental careers and internships and other training opportunities. “Maybe they want to be in the material recovery field [or] be a CDL [commercial driver's license] driver. … Maybe they want to understand recycling end users more [or] how products get made back into new products,” he says. “It could be material marketing and getting research and development. All those things I think are all part of that development education center.” Finally, Rumpke is partnering with COSI to create a 2,500-square-foot education and outreach center on-site that will give people the opportunity to learn what happens to material “from the time they put a recycling item in the bin to the time it’s made back into a new product [and] what happens in between,” Snyder says. He adds, “To be able to walk through this education center and be able to understand how the equipment works, how an eddy current works, how a ballistic separator works, how a magnet works, how an optical scanner works … to understand that and then also understand end markets … that’s the education center. It’s not just coming in and saying, ‘You know, recycling is great.’ It really gets down into the nitty-gritty of what the process is, which is critically important to me and to Rumpke.” Not specific to any program will be MRF tours in which people can come to the facility any time during business hours and walk on a platform around the building, starting at the beginning where material arrives and following it through the operation to when it gets baled and is ready to be put on a truck. “To be able to see that entire process from start to finish and be able to walk the entire facility … is pretty special,” Snyder says. He promises a lot of work is going into Rumpke’s Columbus education center “to do this right,” adding that the company wanted to ensure this facility stands out as a way to help people understand the recycling process. “I still get asked, probably weekly, ‘You guys don’t really recycle [the material], do you?’ … A select few people really know what happens to it after it leaves their house,” Snyder says. “We’re hoping that this can help educate those folks, and we’re going to publicize it to where people know they can come and see it.” Snyder puts much emphasis on promoting the Columbus MRF’s public accessibility in hopes that the more visibility residents have on the actual recycling process, the better the recovery rate. “I don’t know of a MRF in the country that does that today,” he says. “If people start to believe in recycling, maybe it can raise that participation level … even better than where we are today, especially in central Ohio.” Richard "Dick" Jaffre, a longtime fixture of the scrap recycling and steel industries, had died at age 79. Jaffre began his influential career in 1966 at Latrobe Steel in Latrobe, Pennsylvania, upon receiving a bachelor's degree in metallurgical engineering from Cornell University and an MBA from the University of Pittsburgh. In 1974, he joined Midlothian, Texas-based Chaparral Steel, a subsidiary of Texas Industries Inc., as a scrap buyer before eventually working his way to vice president of raw materials. He worked at Chaparral Steel till his retirement in 2007. According to the Institute of Scrap Recycling Industries (ISRI), Washington, Jaffre was the first steel producer to serve on the organization's board of directors and in 2004 received the ISRI Gulf Coast Region's annual Israel Proler Award for outstanding contribution to the recycling industry. The award is named in memory of Israel Proler of Houston-based Proler International Corp., who served as Gulf Coast chapter president of the Institute of Scrap Iron and Steel from 1955-1956. Jaffre grew up in Mexico City and Rio de Janeiro, maintaining his Brazilian roots throughout his life. He met his wife, Jean, while working at Latrobe Steel. He is survived by his wife, his children, Lisa and Michael, grandchildren Markus, Benjamin, Jonathan and Max, and his brother, Jim. A memorial honoring Jaffre's life was held Aug. 12 in Dallas, and in lieu of flowers, his family encourages gifts made to the University of Texas Southwestern Circle of Friends .

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Cosi Frequently Asked Questions (FAQ)

  • When was Cosi founded?

    Cosi was founded in 1994.

  • Where is Cosi's headquarters?

    Cosi's headquarters is located at 1751 Lake Cook Road, Deerfield.

  • What is Cosi's latest funding round?

    Cosi's latest funding round is Unattributed VC.

  • How much did Cosi raise?

    Cosi raised a total of $52.1M.

  • Who are the investors of Cosi?

    Investors of Cosi include Invesco Private Capital and Ziff Brothers Investments.

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