Nory, a Dublin, Ireland-based restaurant technology company, has raised $16 million in Series A funding.
Investors
The round was led by Accel, with participation from existing investors, Cavalry, Playfair, Samaipata, and Triplepoint.
Accel is a venture capital firm that partners with exceptional teams from inception through all phases of private company growth. The firm invests in startups in seed, early, and growth-stage investments. It has offices in Palo Alto, California, and San Francisco, California, with additional operating funds in London, India, and China.
Nory Use of Funds
The company will use the funds to accelerate product development and international expansion.
About Nory
Nory is an AI-driven platform designed to help restaurants manage and scale their operations efficiently. By centralizing operational data, Nory provides real-time insights that empower businesses to make informed decisions. It currently analyses historical data to predict hourly venue demand for each day. The company works with notable clients such as Buns from Home, Jamie Oliver Group, and Roasting Plant Coffee across the UK, Europe, and the US. The company's mission is to systemize success and become the world's largest restaurant technology company.
Funding Details
Company: Nory
Raised: $16.0M
Round: Series A
Funding Month: May 2024
Lead Investors: Accel
Additional Investors: Cavalry, Playfair, Samaipata, Triplepoint
Company Website: https://nory.ai/
Software Category: Hospitality
Source: https://nory.ai/blog/nory-secures-series-a-funding-to-spearhead-ai-across-hospitality/