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Tenzo, the AI-powered restaurant PerformanceOps platform, has closed a £4m Series A funding round led by Amadeus Capital Partners and S28 Capital.
Founded by two computer scientists – with one turned restaurateur – Tenzo aims to use AI to help restaurants improve their performance by optimising efficiency and increasing revenue, all while lessening the impact the restaurant industry has on the environment through food waste.
Used by more than 1,500 restaurants worldwide including the Nando’s, TGI Fridays and Vapiano brands, the firm ingests massive amounts of data in real-time using a proprietary Extract, Transform, Load engine and then leverages deep learning to make operational recommendations.
Manjari Chandran-Ramesh, partner at Amadeus Capital Partners, said: “Tenzo’s innovative solution leverages the power of AI using the most appropriate data sources and pertinent models. The PerformanceOps product enables restaurants of all sizes to optimise their operations and reduce food waste, making them more sustainable and profitable.”
The Tenzo Series A will help it with ambitious growth goals, following on from its partnership with Innovate UK. This centred around developing an accurate sales forecasting platform for restaurants using AI and machine learning with the aim to save the industry around 75,000 tons of food waste globally by 2027.
Ben Cuthbert, co-owner at L&B Restaurant Group, added: “We’re taking Tenzo really seriously. We love the new category and the rebrand has made Tenzo even more user-friendly. We’re actively getting the team to use Tenzo to make data-driven decisions that improve performance.”
London-headquartered Tenzo is a Techstars alumni and participated in the London 2016 cohort.