Nory - the future of restaurant management
by Startacus Admin
The lowdown on Nory, the AI-powered startup that's on a mission to help hospitality businesses perform, every single day.
Running a restaurant is notoriously hard work. Staying on top of everything is stressful, and tends to be an endlessly uphill battle, with the idea of actually getting ahead of it all nothing but a dream. You have to think about inventory, staffing, performance, and all of the little nuances of each, and tracking every little thing from start to finish is no small task. And if you want to open another location, you can forget about ever sleeping again. What you need is someone who will sit and watch every aspect of the business for you and make intelligent decisions about what to order and when, or how to give staff their time off without leaving the restaurant with no service. And you need them to do that 24 hours a day, 7 days a week. We’re pretty sure it’s not legal to make a human do that, but luckily, we have the help of AI.
Hospitality tech startup Nory has built a platform for the sector that gives you the power of AI to watch over your operations, doing everything from offering suggestions on cutting costs and increasing efficiency, to managing promotional campaigns, to automatically ordering in inventory when stocks are running low. This significantly alleviates pressure on management, allowing them to make better, more informed decisions, and potentially saving hundreds of hours of work.
Because it is always on, always watching (in a not creepy way, of course), it is able to provide real-time insights, enabling you to make little changes on the fly. It also provides staff with a convenient way to manage their shifts, swap shifts with each other, take time off, and even share memes and - let’s be honest - justifiably complain about customers.
Recently, Nory announced that they had raised €7 million in a seed funding round led by Triple Point Ventures and Samaipata VC, with participation from Playfair Capital, Cavalry VC, and Circlerock Capital. This funding will go towards further developing the capabilities of the platform.
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Published on: 9th July 2023
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