TabSquare raises S$10 Million to fuel AI-powered restaurant solutions
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TabSquare, a leading provider of AI-Powered Smart In-Restaurant solutions, today announced it has raised S$10 million (US$7.2 million) in Series B financing led by Kakaku.com.
Tabsquare’s platform has three critical elements: consumers, restaurants and F&B brands; now strengthened with the latest funding round.
Founded in 2012, TabSquare has rapidly grown to be the leading in-restaurant technology provider in Singapore.
The company’s main products are the SmartTab eMenu and the SmartKiosk – applicable to both sit-down and counter-service restaurants.
The company’s products use AI to make personalised menu recommendations and improve customers’ ability to order, pay and deliver feedback.
Chirag Tejuja, Co-Founder said, “TabSquare’s fast-paced growth proves there is a strong
demand for innovative and effective technology that can solve issues commonly faced by restaurants in the region such as low restaurant profitability, high staffing costs and language barriers.”
Through 6000 devices that serve more than 12 million diners and 6 million orders annually, TabSquare’s AI-Powered solutions leverage consumer data and learning algorithms to better predict demand, personalize offerings and improve the overall diner experience which aims at creating greater efficiencies and profits for restaurants.
Questions & Answers
Q.Which specific investors participated in this funding round?
Which specific investors participated in this funding round?
The Series B financing round was led by Kakaku.com. The article does not mention any other specific investors involved in this funding round.
Q.What are the core components of TabSquare's AI-powered solutions for restaurants?
What are the core components of TabSquare's AI-powered solutions for restaurants?
TabSquare's main products are the SmartTab eMenu and the SmartKiosk. These solutions apply to both sit-down and counter-service restaurant environments.
Q.How do TabSquare's products aim to benefit restaurants financially?
How do TabSquare's products aim to benefit restaurants financially?
The products aim to create greater efficiencies and profits for restaurants. They address issues such as low restaurant profitability and high staffing costs.
Q.What was the total amount of funding TabSquare raised in this round?
What was the total amount of funding TabSquare raised in this round?
TabSquare raised S$10 million in this Series B financing round. This is equivalent to US$7.2 million.
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