ConverseNow, an Austin, TX-based leading voice AI technology platform for restaurants, has raised $10 million in funding from Enlightened Hospitality Investments (EHI), the growth equity fund co-founded by Danny Meyer, the founder of Union Square Hospitality Group and Shake Shack.
This adds to their $15 million Series A closed last year, led by Craft Ventures, to bring ConverseNow’s total funding to $28.8 million.
This latest round of funding enables the voice AI provider to meet explosive demand by deploying at scale in new locations.
ConverseNow will use this funding to expand its technology as the go-to solution for ordering food from leading QSR and FSR brands.
Company: CONVERSENOW TECHNOLOGIES INC.
Raised: $10.0M
Round: Growth Equity
Funding Month: Aug 2022
Lead Investors: Enlightened Hospitality Investments (EHI)
Additional Investors:
Company Website: https://conversenow.ai/
Software Category: Voice AI
About the Company: Founded in 2018 by Vinay Shukla and Rahul Aggarwal, ConverseNow provides voice-AI-powered virtual ordering assistants for restaurants to automate the order-taking process from high-volume voice channels. The market leader in voice AI for restaurants, ConverseNow has developed best-in-class technology that takes limitless orders with remarkable accuracy, enhancing the guest experience while increasing peak-hour volume by nearly 2x. Partnering with a growing list of multinational and national brands across 40 states, ConverseNow has helped restaurants boost same-store sales up to 30%, increase average tickets up to 20%, and provide up to 12 hours of additional labor per store each week. ConverseNow serves some of the country’s top restaurant brands, such as Domino’s Pizza, Fazoli’s, and Blake’s Lotaburger, with many more at various stages of development. The company is headquartered in Austin, Texas, with an office in Gainesville, Florida.
Source: https://conversenow.ai/resources/conversenow-receives-10m-investment-from-leading-hospitality-fund-enlightened-hospitality-investments/