Nory: Revolutionizing the Hospitality Industry with AI-Powered Solutions
May 24, 2024, 9:35 am
Location: Ireland, Dublin City, Dublin
Employees: 1-10
Founded date: 2020
Total raised: $27.39M
Nory, a Dublin-based AI operating system for hospitality businesses, recently secured a whopping $16M in Series A funding, bringing its total raised funding to $25M. This innovative platform, founded by Conor Sheridan in 2021, aims to streamline operations and boost profitability for restaurants and cafes.
Nory's AI-powered operating system combines key operational functions into one application, analyzing data from daily revenue, employee scheduling, and supply chain needs. By predicting hourly venue demand with 95% accuracy using historical data and AI algorithms, Nory helps businesses manage staffing effectively and reduce costs.
With a client roster that includes big names like Jamie Oliver, Stonegate Pubs, and Viva Italia Group, Nory has already seen a 400% increase in revenue in 2023. The company's technology not only helps reduce costs by almost 20% but also increases EBITDA by over 50%.
The recent funding round, led by global venture capital firm Accel, will enable Nory to accelerate product development and expand internationally. Founder Conor Sheridan emphasizes the importance of providing technology that gives operators real control over their business and profitability, rather than just digitizing every micro-workflow.
In a landscape where labor and food costs are on the rise, Nory's AI-powered solutions offer a beacon of hope for the struggling hospitality industry. By leveraging technology to optimize operations and drive profitability, Nory is on a mission to revolutionize the way restaurants and cafes do business.
Nory's AI-powered operating system combines key operational functions into one application, analyzing data from daily revenue, employee scheduling, and supply chain needs. By predicting hourly venue demand with 95% accuracy using historical data and AI algorithms, Nory helps businesses manage staffing effectively and reduce costs.
With a client roster that includes big names like Jamie Oliver, Stonegate Pubs, and Viva Italia Group, Nory has already seen a 400% increase in revenue in 2023. The company's technology not only helps reduce costs by almost 20% but also increases EBITDA by over 50%.
The recent funding round, led by global venture capital firm Accel, will enable Nory to accelerate product development and expand internationally. Founder Conor Sheridan emphasizes the importance of providing technology that gives operators real control over their business and profitability, rather than just digitizing every micro-workflow.
In a landscape where labor and food costs are on the rise, Nory's AI-powered solutions offer a beacon of hope for the struggling hospitality industry. By leveraging technology to optimize operations and drive profitability, Nory is on a mission to revolutionize the way restaurants and cafes do business.