HomeArtificial IntelligenceTabSquare secures S$10 million in series B round funding

TabSquare secures S$10 million in series B round funding

Reader's Pick

TabSquare, a Singapore based leading provider of AI-powered smart in Restaurant solutions, on Monday has announced that it has secured $7.2 million (S$10 million) in series B round funding, Which was led by Kakaku.com, Coca-Cola Amatil, Resorts World Inc with the participation of its existing investor Walden International.

In a press release issued by TabSquare, said: “The company will use the money to enhance their AI-powered tech solutions, increase its geographic presence across the Asia-Pacific including Australia, Indonesia, Malaysia, Singapore, and Thailand.”

“The funding will also help the company to increase the manpower to support its effort,” the company added.

In a press release issued by Genta Sugihara, Executive Officer of Kakaku’s Corporate Development Division said, “We believe that our strategic partnership with TabSquare provides many opportunities for synergies. As a first step, we hope to support TabSquare’s growth and regional expansion by sharing our know-how in food tech and the restaurant industry, based on more than a decade of experience of operating Tabelog. Going forward, we hope to benefit from TabSquare’s insights on in-restaurant user experiences, including AI enhanced recommendations, to explore an opportunity to bring them into the Japanese market.”

- Advertisement -

Adding to this, Chris Sullivan, Group Director of Partners & Growth at Coca-Cola Amatil said “Coca-Cola Amatil’s pursuit to drive customer-focused innovation and efficiency in the food and beverage industry led us to our investment in TabSquare. We were impressed by their AI-powered solutions, their strong team, clear business model and ambitious growth plans, which include expanding from their established Singapore base to the whole of the Asia-Pacific region.”

close

Stay on top of Budget 2023 with our newsletter

We don’t spam! Read our privacy policy for more info.

close

Stay on top of Budget 2023 with our newsletter

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.
 

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

1Win App: Review India Apk for Android and iOS

The company 1Win has been successfully operating in the markets of many countri...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

NASA astronauts to carry first ever all-female spacewalk on 29 March

Two NASA astronauts are scheduled to carry out the first ever all-female spacew...

How AI Is Crucial For Business Strategy Management

There is no doubt that AI has been reshaping the business strategies world over...

Google joins Progcap $40 million funding round

Progcap, a New Delhi-based fintech platform for small and mid-size businesses (...

Ampere Electric to setup e-mobility manufacturing plant in Tamil Nadu

Electric Mobility Company Ampere Electric has announced a phased investment pot...