Nory closes $37M Series B to automate restaurant operations with AI

AI-native restaurant management platform Nory has raised $37 million in a Series B led by Kinnevik, bringing total funding to $62.6 million. The round comes just one year after the company’s Series A, led by Accel, which also participated in this round alongside existing investors.

Nory is an AI-powered restaurant management platform that unifies business intelligence, inventory, workforce, and payroll into one control centre to streamline operations and boost margins. It plugs into a restaurant’s existing tech stack and uses real-time data plus predictive analytics to forecast demand, optimise labour and inventory, and deliver actionable recommendations to frontline teams.

Built for independent, multi-location, franchise, and enterprise groups, Nory replaces scattered spreadsheets with a single source of truth for consistent, profitable execution.

Created by industry insider Conor Sheridan, it’s purpose-built for hospitality and has helped restaurants cut operating costs by nearly 20 per cent and lift core net profits by up to 50 per cent.

By automating time-consuming back-office tasks like business analysis, digital guest engagement, rota planning, procurement, and finance, Nory saves over 100 hours of admin per site each month, while its AI learns from historical operations and sales to deliver real-time insights and recommendations.

Conor Sheridan, Founder and CEO of Nory, commented:

At a time when hospitality is under pressure, we are putting restaurants back in control of their profitability and their destiny. 

The future of hospitality isn’t robots or gimmicks. It’s AI that makes restaurants smarter, leaner, and more profitable, with automation that frees teams up to focus on what matters: great food and even greater customer experiences.

The Series B will fund AI enhancements to Nory’s platform, including hiring world-class data scientists, advancing proprietary algorithms, and deploying autonomous AI assistants. It will also accelerate the company’s US expansion.