Linked Eats, a Los Angeles, CA-based provider of third-party delivery revenue management software for restaurants, acquired Sauce Technologies, a provider of AI-powered solutions for digital-ordering.
The amount of the deal was not disclosed.
With the acquisition, Linked Eats will add innovative features across marketing and demand forecasting into its platform.
Founded by MIT graduates, Colin Webb and Nenye Anagbogu, Sauce provides a platform for restaurants across digital ordering. Data-driven restaurant brands use it to increase profit margins and online conversion rates, driving increased traffic, revenues, and profits for their locations. The company combines AI, automation, holistic data, and control to allow restaurants to implement and test smart strategies that counter rising costs and margin constraints. Before joining Linked Eats, Sauce Technologies raised over $3.6 million from Harlem Capital, Red Sea Ventures, Global Founders Capital and Rackhouse Ventures.
Led by Robbie Earl, Chairman, Linked Eats is a provider of third-party delivery revenue management software for restaurants. It offers operators with intelligence, optimization, and automation to drive revenue, enhance yield management, and reduce costs through a streamlined platform using AI-powered tools across operations, marketing, pricing, and reporting. The solution is currently used by 4,000 restaurants across more than 30 enterprise brands.
FinSMEs
07/08/2024