PreciTaste Raises $24 Million in Series A  

by Kay Aloha Villamor in August 15th, 2022

PreciTaste, a New York-based Vision AI platform and industry leader in operational optimization, raised $24 million in Series A to continue its mission to become the standard for digital food AI management in fast casual and QSR kitchens.

The round was led by Melitas Ventures and Cleveland Avenue and includes Enlightened Hospitality Investments (EHI) and Monogram Capital Partners. 

With $24 million in Series A growth funding, PreciTaste is fast-tracking deployments of its proprietary Vision AI technology protected by 40+ patents, which optimizes operations, leading to labor efficiency, sales growth, and sustainability. 

Company: PreciTaste Administration Inc.

Raised: $24.0M

Round: Series A

Funding Month: Aug 2022

Lead Investors: Melitas Ventures and Cleveland Avenue 

Additional Investors: Enlightened Hospitality Investments (EHI) and Monogram Capital Partners

Company Website: https://precitaste.com/

Software Category: Vision AI platform

About the Company: PreciTaste, a proprietary Vision AI platform and industry leader in operational optimization, redefines foodservice operations through a digital food management solution that provides real-time crew recommendations through deep tech computer vision and machine learning. Developed to maximize efficiency, enhance customer and employee experience, and reduce food waste, the largest food chains already apply PreciTaste. A proven platform for demand-based cooking and ingredient preparation, real-time task management, and order accuracy, PreciTaste sets the standard for digital food AI management in fast casual and QSR kitchens. PreciTaste's proven track record includes the Virtual Baker® by PreciBake®, which is currently supporting in-store baking processes in Europe’s largest grocery retailer. With 1,500+ food AI systems deployed in the past two years, PreciTaste evolves existing infrastructure with a proprietary offline-first AIOS operating system and TasteOS Cloud-based reporting platform.

Source: https://www.prnewswire.com/news-releases/precitaste-raises-24m-series-a-to-redefine-foodservice-operations-with-vision-ai-technology-301601973.html



 


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