DTiQ, a Framingham, MA-based provider of SaaS-based video, analytics, and optimization solutions for operators within the restaurant, convenience store and specialty retail industries, received a $145M growth investment from Bain Capital Credit.
The company intends to use the funds to drive increased innovation in AI and computer vision for more actionable business insights and automation, expand its SaaS product offerings, and capture new opportunities in existing and new territories.
Led by CEO JL Valente, DTiQ provides SaaS, video-based, business optimization solutions for QSR, Retail and C-Store. In 2022, the company expanded its addressable market with the acquisition of Australia-based Summit Innovations providing advanced Drive Thru solutions to customers and delivering ROI-enhancing solutions both inside and now outside their stores.
DTiQ works with over 37,000 locations in the Americas, Europe and Australia / NZ, including brands such as Adidas, Burger King, Crocs, Dairy Queen, Dunkin, GNC, McDonald’s, Subway, Swarovski, Taco Bell, Vineyard Vines, and Yankee Candle.
FinSMEs
18/10/2024