“Operators don’t need more dashboards and apps, they need answers,” Jared Neilsen, SynergySuite chief executive said in a statement announcing the company’s latest funding round.
The company just secured $12 million in new funding, led by Dublin-based Oyster Capital with support from First Analysis and Lago Innovation. The round follows a $6 million Series A in 2019 and gives SynergySuite additional resources to pursue global expansion and accelerate its AI product development.
Headquartered in Sandy, Utah, SynergySuite develops software designed to simplify what happens behind the scenes at restaurants. Its platform combines inventory management, purchasing, labor scheduling, food safety, cash management, and human resources into a single system. The company’s pitch to customers is that by consolidating these tasks, and layering in AI to forecast demand and automate routine decisions, operators can cut waste and improve profitability across hundreds or even thousands of outlets.
