MarginEdge Raises $80 Million Series D to Expand Restaurant AI Platform
Updated
Updated · Technical.ly · Aug 11
MarginEdge Raises $80 Million Series D to Expand Restaurant AI Platform
3 articles · Updated · Technical.ly · Aug 11
Summary
$80 million in Series D funding will help MarginEdge add product, sales and marketing capacity, lifting total capital raised to about $162 million.
Existing backers drove the round despite a weak SaaS funding market, with Schooner Capital and Penco Capital leading and Osage Venture Partners, Derive Ventures and Western Alliance Bank also participating.
12,000 restaurants use MarginEdge's platform to process roughly 300,000 invoices a week, combining AI with hundreds of human reviewers because handwritten restaurant paperwork still trips up automation.
900 employees support that model across the US, India and Bangladesh as the Arlington, Virginia company pushes deeper into restaurant operations with hardware, chatbot integrations and its upcoming Smart Prep tool.