Captain AI, a delivery logistics startup, has secured $2.1 million in seed funding, to further streamline in-house delivery operations for restaurants through AI-driven software solutions.
The funding, led by firm GreenSky Ventures, will advance the company’s product offerings, establish a dedicated growth team and assist in meeting increasing market demand in the U.S. and Canada.
“We are thrilled to secure this funding, as our continued aim is to put more power in the hands of restaurants,” said Ryan Perera, CEO of Captain AI. “Our comprehensive suite of dispatch and kitchen software is designed specifically around the unique pains and needs of restaurants to enhance delivery speed, optimize kitchen workflows, and ultimately improve the experience for both restaurants and their customers.”
At its core, Captain AI helps restaurants manage their in-house delivery as cost-effectively as possible. Its product suite comprises a kitchen display system (KDS) that prioritizes orders based on driver locations, a dispatch app with AI capabilities to streamline order assignment and a manager app to provide decision-making insights.
The company processes over 500,000 deliveries a month globally, serving brands such as Pizza Pizza, Canada’s largest pizza chain that has over 730 locations. According to the pizza hub, Captain’s logistics system has improved customer experience through the onset of nationwide live order tracking.
Additionally, the software company has formed strategic partnerships with point-of-sale providers such as Revel Systems and SpotOn, expanding the availability of its software to a wider pool of restaurant owners.
Managing hybrid delivery
However, understanding that not all restaurants have the capacity for in-house drivers, the company is also introducing Fleetshare, a system enabling restaurants to offer and manage hybrid delivery.
Fleetshare connects restaurants to a network of local delivery fleets, such as Uber Direct or DoorDash Drive, which offer white-label solutions for merchants to add on-demand delivery to their own website, app or other sales channels.
“With this funding, our goal is to establish Captain AI as the industry leader and demonstrate the return on investment our technology can bring to restaurants,” said Perera. “We are excited to collaborate with GreenSky Ventures as we embark on the next phase of our mission to help restaurants thrive in the new era of in-house and hybrid delivery.”