Tuesday, May 16, 2023London – Tenzo, an AI-powered restaurant PerformanceOps platform that enables a more successful and sustainable industry, today announced a $5 million Series A funding round led by Amadeus Capital Partners and S28 Capital.
Founded by two Cambridge University computer scientists, one of whom became a restaurateur, Tenzo helps restaurants optimize efficiency while reducing the environmental impact of the restaurant industry through food waste. Our mission is to harness AI so you can focus on improving performance to improve your bottom line. It is estimated that worldwide he contributes 530 million tons of his CO2 emissions and he loses more than $100 billion in revenue.
Currently used in over 1,500 restaurants around the world, including Nando’s, TGI Fridays, and Vapiano brands, Tenzo uses a proprietary extract, transform, and load (ETL) engine to ingest massive amounts of data in real time and create deep insights. Leverage learning to enable intelligent operations. Recommendation. Tenzo’s team of world-class engineers and data scientists now builds on significant advances in large-scale language models (LLM) to make interactions easier than ever and ensure insights reach restaurants in the right way. It is working.
Manjari Chandran Ramesh, partner at Amadeus Capital Partners, commented, “Digitalisation, especially data-driven and insight-driven action, has been slow to penetrate the food and beverage industry.” .
“While the pandemic has accelerated this adoption, most restaurant performance operations rely on experience rather than augmenting it with predictions using learning models and relevant data. One of the biggest causes of food waste.Tenzo’s innovative solutions harness the power of AI with the most relevant data sources and relevant models.PerformanceOps products enable restaurants of all sizes to We can optimize our operations, reduce food waste, and be more sustainable and profitable.”
This Series A funding round comes after tripling the number of customer locations during the COVID-19 pandemic. Hospitality executives saw digital platform integration as a key challenge during the pandemic. This increased volatility has put more emphasis on planning. The funding follows a partnership with Innovate UK centered around developing the most accurate sales forecasting platform for restaurants using AI and machine learning and lays out a roadmap for Tenzo to reach its ambitious growth goals. We aim to help and save the industry about 75,000 tons. Reduce food waste globally by 2027.
“We take Tenzo seriously. We love the new categories and the rebrand makes Tenzo even more user-friendly. We actively encourage people to make data-driven decisions.” Ben Cuthbert of L&B Restaurant Group added:
About Tenzo
Tenzo is a powerful restaurant PerformanceOps platform in the palm of your hand. Tenzo collects real-time data from your tech stack, from point of sale to inventory management, review platforms to labor schedulers. Empowering restaurateurs, from headquarters to general managers, to significantly improve restaurant performance. Improve collaboration between team members to predict sales, improve performance, meet KPIs, and know exactly what it means to your workforce and inventory. No more guesswork, no more understaffing or overstaffing, and you can say goodbye to food waste. You can act and improve your performance. all the time. Let us help your restaurant prosper.
About Amadeus Capital Partners
Amadeus has been a pioneer for 30 years, investing in the people who create innovative technology and sustainable businesses. From locations in Cambridge, London, Oxford, San Francisco and São Paulo, Amadeus supports early stage and growing companies in Europe and Latin America.
About S28 Capital
S28 Capital is a Silicon Valley-based venture capital firm that takes a unique investment approach to supporting transformative start-ups in their industries during critical moments of change. The fund combines proprietary data with a global industry network to help portfolio companies establish market leadership.
