Category: Press

ConverseNow boosts restaurant-ordering AI with $15M raise

ConverseNow, a startup developing a platform that automates orders at quick service drive-thru windows, today announced that it closed a $15 million series A funding round led by Craft Ventures, with participation from LiveOak Venture Partners, Tensility Venture Partners, Knoll Ventures, Bala Investments, 2048 Ventures, Bridge Investments, Moneta Ventures, and angel investors. The proceeds bring the company’s total raised to date to $18.3 million, which CEO Vinay Shukla says will be put toward scaling and creating technologies like “digital line-busting” — some of which will roll out later this year.

Tech Tracker: Even Matthew McConaughey is investing in restaurant business tech

As digital solutions take centerstage at this late point in the pandemic, the most prominent news in the restaurant technology world has been more rounds of funding for restaurant industry tech giants, from virtual restaurant companies like C3 (which received funding from Brookfield and Reef Technology this month) to technology stalwarts like Zenput, which recently raised $27 million in Series C funding.

ConverseNow is targeting restaurant drive-thrus with new $15M round

One year after voice-based AI technology company ConverseNow raised a $3.3 million seed round, the company is back with a cash infusion of $15 million in Series A funding in a round led by Craft Ventures.

The Austin-based company’s AI voice ordering assistants George and Becky work inside quick-serve restaurants to take orders via phone, chat, drive-thru and self-service kiosks, freeing up staff to concentrate on food preparation and customer service.