Bite, a NYC-based provider of intelligent kiosk solutions for restaurants, raised $9M in Serties A funding.
The round was led by Staley Capital, with participation from Graham Partners, Food-X, One Way Ventures and Tamarisc Ventures.
The company intends to use the funds to further accelerate its growth, with a focus on enterprise restaurant brands, emerging fast casual brands and innovative c-stores, scale its technology solutions with its existing partners, onboard new clients in its pipeline, invest in its technology capabilities, including its patented Artificial Intelligence, called Bite Lift, which analyzes each order in real time to offer personalized upsell recommendations.
Led by CEO Brandon Barton, Bite provides kiosk ordering software used by fast-casual, quick-serve restaurants and convenience stores with made-to-order food. With its patented artificial intelligence technology, Bite Lift, the system analyzes each transaction in real-time and provides upsell recommendations that yield an increase in average check size. Its software is designed to be customizable, allowing brands to tailor the design to align with their unique identity. By integrating into existing tech stacks, Bite ensures improved order accuracy, higher average check sizes, increased throughput, and enhanced customer satisfaction for restaurant clients.
FinSMEs
09/04/2024