Restaurant365, an AI-powered restaurant management platform, has appointed Steve Demchuk as chief product officer and Mark Grilli as chief marketing officer. The hires support the company's growth and innovation strategy in the restaurant back-office software category. Demchuk brings over 25 years of software engineering and product leadership experience from companies including Nitric, Bonusly, and Rally Software. He will oversee product strategy and engineering teams. Grilli has more than 20 years of software marketing experience, most recently serving as CMO of CommerceHub. He previously held marketing leadership roles at Zendesk and Adobe. He will lead brand, demand generation and go-to-market strategy. Headquartered in Irvine, California, Restaurant365 is backed by Bessemer Venture Partners, ICONIQ, KKR, L Catterton and Serent Capital.

Restaurant365, a California-based all-in-one management platform for the restaurant industry, announced a $175 million funding round in May. This follows their $135 million raise last year, solidifying their unicorn status with a valuation over $1 billion. At the NRA Show, R365 introduced new features like "Employee Training" and "Task Management." The funding was led by ICONIQ Growth, with participation from KKR and L Catterton. R365's growth is attributed to its integration with Toast's platform.

Restaurant365 announced a $175 million funding round led by ICONIQ Growth, with participation from KKR and L Catterton. The funds will support sales growth, product innovation, and acquisitions. This follows 12 consecutive quarters of exceeding sales targets. The investment will expand enterprise features, grow the workforce and payroll product suite, and strengthen the balance sheet for future acquisitions. This round follows the acquisition of ExpandShare, an AI-powered learning management system.