ClearCOGS, a provider of AI-powered predictive analytics for restaurants, announced its raised $3.8 million in an oversubscribed seed funding round.
The investment was led by Closed Loop Partners’ Venture Group, with additional participation from Myriad Venture Partners and Level Up Ventures.
The company provides restaurants with accurate daily forecasts to optimize food preparation, ordering, and staffing decisions. By addressing the industry’s chronic challenge of food waste—responsible for over $25 billion in annual losses in the U.S.—the tech aims to help operators make smarter, real-time decisions to drive profitability and sustainability.
Related: ClearCOGS Deploys AI for Clear Forecasting
“At ClearCOGS, we believe restaurant operators shouldn’t have to navigate uncertainty alone,” said Matt Wampler, CEO of ClearCOGS. “This funding empowers us to extend our reach and deliver the practical, reliable forecasting tools that restaurant operators need to consistently achieve better operational outcomes.”
The $3.8 million seed round includes $2.3 million in new seed capital and the conversion of a $1.4 million pre-seed investment. The funding will help speed up product development and grow the company’s customer base.
In a prior interview with Food On Demand, Wampler said they are currently working with over 500 locations across five countries, and doubling revenue quarter over quarter.
