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Loop AI offers a subscription-based back-office platform for multi-location restaurants to manage third-party delivery finances. The platform automates reconciliation of orders from DoorDash, Uber Eats, and Grubhub, breaking each order into line items such as commissions, marketing, taxes, and chargebacks, and automates bookkeeping with a real-time sales dashboard and chargeback tools. It uses AI to scan customer feedback to identify operational issues, helping managers address problems like order inaccuracies. Its goal is to reduce accounting time, improve margins, and recover revenue by making delivery-driven finances transparent and easier to manage.
Industries
Food & Agriculture
Data & Analytics
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Seed
Total Funding
$6M
Headquarters
California
Founded
2022
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Total Funding
$6M
Above
Industry Average
Funded Over
1 Rounds
Industry standards
Health Insurance
401(k) Retirement Plan
Remote Work Options
Flexible Work Hours
Paid Vacation
Paid Holidays
Social Events
SAN FRANCISCO, March 12, 2024 (GLOBE NEWSWIRE) -- Loop, a leading SaaS provider enabling restaurants to maximize their third-party delivery service profitability, announced today that it has closed $6M in Seed funding
Sundar Annamalai and Vinod Pachipulusu about starting Loop as a virtual restaurant platform to help restaurants with their business.
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Industries
Food & Agriculture
Data & Analytics
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Seed
Total Funding
$6M
Headquarters
California
Founded
2022
Find jobs on Simplify and start your career today