A new restaurant technology testing bed, dubbed The Restaurant Technology Innovation Center, is set to open its doors in Chicago. Owned and operated by Point B, a management consulting firm specializing in business and technology […]
PAR Technology Corporation, global restaurant technology leader and provider of unified commerce for enterprise restaurants, has finalized its acquisition of TASK Group, an Australia-based foodservice transaction platform. The deal, valued at $206 million, was initially […]
In a move indicative of the growing role of artificial intelligence in the restaurant industry, ConverseNow, a technology solution provider specializing in voice AI solutions for restaurants, has acquired Valyant AI, a provider of drive-thru […]
American Express has announced an agreement to acquire Tock, a restaurants reservations, table, and event management technology provider, from Squarespace for $400 million. In a concurrent announcement, the credit card company also revealed plans to […]
Restaurant management software startup Nory has raised $16 million in a Series A funding round. The funding round was led by Accel and supported by existing investors Cavalry, Playfair, Samaipata, and Triplepoint. This brings Nory’s […]
Dripos, a software platform designed specifically for coffee shops, has secured an $11 million Series A funding round led by Base10 Partners. This funding is part of a broader effort by Dripos to expand its […]
Bite, a leading provider of intelligent kiosk solutions for fast-casual and quick-service restaurants, has announced the successful acquisition of $9 million in Series A funding. The funding round was led by Staley Capital and saw […]
Loop, a San Francisco-based technology startup focused on improving restaurant back-office operations with an “automated delivery intelligence platform,” has announced the closure of a $6 million Seed funding round. The funding round was led by […]
Restaurant technology solution provider Toast, Inc. recently disclosed its financial results for the fourth quarter and the full year of 2023. Despite a net loss of $36 million in the fourth quarter, the company demonstrated […]
Presto Automation, a provider of AI and automation technology for the restaurant industry, has announced the completion of a financing round, securing $6.0 million through the sale of convertible subordinated notes. This financing was led […]
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