What does ClearCOGS do?
ClearCOGS is a Chicago-based provider of AI-powered predictive analytics designed specifically for restaurant operations. Their technology helps restaurants optimize daily decisions around food preparation, ordering, and staffing to reduce food waste and improve profitability.
How much did they raise?
The company raised $3.8M in Seed funding, led by Closed Loop Partners Venture Group with participation from Myriad Venture Partners, Level Up Ventures, and Hearst.
What are their plans for the money?
The funds will be used to accelerate product development, boost customer acquisition efforts, and expand the company’s presence in the food service sector, potentially increasing operational efficiency and profitability for restaurants.
What have they achieved so far?
Under the leadership of CEO Matt Wampler, ClearCOGS has already made strides in providing actionable analytics that support critical daily restaurant decisions, thereby improving decision-making and operational outcomes.
