New York City — Checkmate, a leader in AI-powered ordering solutions for enterprise restaurants, has secured $10 million in Series B funding led by Tiger Global. The round will enable Checkmate to accelerate the adoption of its voice AI and kiosk technologies across the industry. Checkmate has already developed expertise in integrating digital orders into restaurant point-of-sale (POS) systems. This foundation serves as a critical advantage in entering these new business segments.
Checkmate offers best-in-class phone ordering and drive-thru AI solutions to some of the country’s largest brands, all seamlessly integrated with their POS. The core business is profitable, and this additional round was raised primarily to bring these breakthrough technologies to mid-market and enterprise brands.
“With this investment, we’re doubling down on our development of the technologies that are helping restaurants scale their operations, grow digital revenue and improve efficiency,” says Vishal Agarwal, founder and CEO of Checkmate. “We are at the forefront of bringing voice AI to the restaurant space, given our existing network of customers and POS integrations. With Tiger Global’s support, we will continue leading the charge in transforming the restaurant experience.”
Securing Checkmate’s Series B round underscores the company’s ability to provide technology to restaurant brands at scale efficiently. With restaurant brands under pressure to meet the demands of digital-savvy customers, Checkmate empowers enterprises to launch unique ordering experiences, recapture lost revenue and stay ahead of market trends.
For more information, visit www.itsacheckmate.com.
Founded in 2001, Tiger Global Management, LLC is a New York-based investment firm pursuing a long term approach to investing in leading, global public and private companies that leverage technological innovation. For more information, visit https://www.tigerglobal.com/.
SOURCE: Checkmate