Nory Raises $16 Million in Series A Funding

Hospitality platform Nory has secured $16 million in a Series A funding round. This capital will be used to accelerate product development and international expansion.

Nory, offering an AI-powered operating system for hospitality businesses, has secured $16 million in Series A funding led by Accel with the participation of existing investors Cavalry, Playfair, Samaipata, and Triplepoint. This investment brings its total capital to $25 million.

The company plans to use this funding to accelerate its product development and international expansion.

Conor Sheridan, CEO of Nory shared: “The industry is facing challenges and complexities like never before. Operators don’t want more tools and apps that digitise every micro-workflow. They need technology that can give them real control over their business, their profitability and their destiny. Nory is on a mission to help systemise success for the restaurant industry and to stack the odds in their favour. Our Series A funding will help us on our path to building the world’s largest restaurant technology company.”

Luca Bocchio, Partner at Accel, stated: “Restaurants are under increasing pressure to improve operational efficiency and productivity. The industry is still under digitised, with fragmented point solutions that prevent businesses from gaining more granular data insights on their own operations. Nory’s AI-powered operating system provides restaurants with much needed access to a central, real time source of truth, which is easy to use and delivers fast ROI. We’ve been impressed by the early traction and strong customer engagements the Nory team has already achieved and Conor’s deep industry knowledge.”

About Nory:

Nory is an AI-powered operating system designed to help hospitality businesses control costs and increase profitability. Nory’s AI guides restaurant teams to run a successful business. It learns how your restaurants operate to help forecast sales and plan labor deployment and inventory usage. Nory saw 400% revenue growth in 2023.

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