Financial news, investor announcements

Irish AI Restaurant Management Startup Nory Raises $16 Million in Series A Round Led by Accel

May 22, 2024, 09:51 AM

Nory, an Irish AI-powered restaurant management startup, has successfully raised $16 million (€14.7 million) in a Series A funding round. The round was led by Accel, a prominent Silicon Valley-based venture capital firm known for its investments in companies like Bumble, Slack, Supercell, and UiPath. Nory aims to help restaurants thrive in a challenging market by boosting hospitality efficiency through its all-in-one operating system. The funding will be used to enhance its technology and expand its market reach. Other investors in this round include CavalryVC, Playfair Capital, and TriplePoint Capital. Nory's pitch deck comprised 14 slides.