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.”
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.”