Head of Data Platform Engineering

Owner raises $240M led by Goldman Sachs Alternatives to build the ai-native platform for every local business. 0 3 minutes read Small business owners are the backbone of America. Owner is building AI to do the work they have never been able to afford. SAN FRANCISCO, Aug. 28, 2026 /PRNewswire/ - Owner is on a mission to arm millions of local business owners with the AI they need to take on Goliaths. It's starting with restaurants. Today, Owner announced it has raised $240 million and reached a $2.3 billion valuation. Growth Equity at Goldman Sachs Alternatives led the financing. Existing investors Meritech, Redpoint, Headline, and Jack Altman also participated. Owner is the AI CMO and CTO for local businesses. It builds and runs their technology and marketing. That includes their websites, online ordering, mobile apps, CRM, customer support, POS, and AI phone ordering. Its AI agents manage and improve each part automatically. Big corporations spend billions on tech and marketing. Small businesses can't afford that, so Owner is building AI to do that work for them. Owner launched in 2020 and has surpassed $100 million in ARR. This year alone, independent restaurant owners will drive more than $1 billion in sales through Owner. Thousands of local businesses use the platform, more than 100 million American consumers have used it, and it now powers more U.S. locations than Domino's or Taco Bell. Owner is the #1 rated restaurant technology on Capterra and G2. A local business owner can talk to Owner like a member of the team. Owner's agents build and run the business's digital presence 24/7. They learn what works across thousands of restaurants and improve performance automatically. A business can ask Owner to promote a menu item, and its agents can create the promotion, update the website, build the campaign, generate the creative, and publish it. Owner can also answer the phone, take orders, reply to reviews and emails, and support customers. The results: * Restaurants grow online traffic by 40% on average within 30 days of launching. * The average restaurant grows direct online revenue by more than 40% in its first year. * Customers using a restaurant's branded app reorder at 2x the rate of non-app users. "The world is racing to build AI to replace people's jobs. Owner is building AI to do the opposite: to do the jobs many small business owners have never been able to afford," said Adam Guild, co-founder and CEO of Owner. "Now, for the first time, local restaurants have the same tech advantages as the huge chains they compete with. And soon every small local business, including grocers and salons, will have those advantages too." Owner's team includes leaders from Shopify, DoorDash, Compass, Salesforce, and HubSpot. More than 35 team members are former founders. The company also uses AI throughout development. It builds in weeks or months what once took years. Next, Owner will serve every U.S. independent restaurant, expand internationally, and bring its AI system to every local business: salons, spas, independent grocers, and more. About Growth Equity at Goldman Sachs Alternatives Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $706 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, venture capital, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs. The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets. The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world's leading institutions, financial advisors and individuals. Goldman Sachs has approximately $4.0 trillion in assets under supervision globally as of June 30, 2026. Since 2003, Growth Equity at Goldman Sachs Alternatives has invested over $17 billion in companies led by visionary founders and CEOs. The team focuses on investments in growth stage and technology-driven companies spanning multiple industries, including enterprise technology, financial technology, consumer and healthcare. Follow The AI Journal Ltd. on LinkedIn. SOURCE Owner.com

Owner, an AI platform for local businesses, has raised $240 million in funding led by Growth Equity at Goldman Sachs Alternatives, reaching a $2.3 billion valuation. Existing investors Meritech, Redpoint, Headline, and Jack Altman also participated. The San Francisco-based company provides AI-powered technology and marketing services for small businesses, starting with restaurants. Its platform handles websites, online ordering, mobile apps, CRM, customer support, and phone ordering through automated AI agents. Since launching in 2020, Owner has surpassed $100 million in annual recurring revenue. The company serves thousands of local businesses and powers more US locations than Domino's or Taco Bell. Independent restaurant owners will drive more than $1 billion in sales through Owner this year. Owner plans to expand internationally and extend its services to salons, spas, and independent grocers.

Owner raises $240M for 'ai-native' Restaurant tech. Since 1988. FSDBCO. The funding, led by Goldman Sachs Alternatives, will help Owner develop AI agents for independent restaurants. Owner, a tech company that aims to help independent restaurants grow their online business, has raised $240 million in a funding round led by Goldman Sachs Alternatives. The company plans to use the funding to help grow its "AI-native" platform, which includes AI agents that can manage restaurants' websites, marketing, and other functions. Owner also recently launched a POS system, signaling an intention to become a bigger part of restaurants' tech stacks - and compete with bigger tech players. The San Francisco-based company has grown quickly since its founding in 2020 and now generates $100 million in annual recurring revenue across "thousands" of local businesses, it said in a press release. The latest funding round brings Owner's total valuation to $2.3 billion. It follows a $120 million fundraise last May and a $33 million round in early 2024. With its investments in AI, Owner says it wants to be the "AI CMO and CTO for local businesses." Restaurants can ask Owner to promote a menu item, for instance, and an AI agent will create the promotion, update the website, and run the campaign, Owner said. The idea is to help small restaurants compete with big chains. "The world is racing to build AI to replace people's jobs. Owner is building AI to do the opposite: to do the jobs many small business owners have never been able to afford," said co-founder and CEO Adam Guild in a statement. And Owner is not stopping at restaurants: It said it plans to bring its technology to all local businesses, including salons, spas, and grocery stores. It is also looking to expand internationally. Existing investors Meritech, Redpoint, Headline, and Jack Altman also participated in the $240 million round. Published by. Foodservice Database Company delivers comprehensive market information that drives business growth for the foodservice industry. Included are Chain Restaurants, High Volume Independent Restaurants and Foodservice Distributors. FSDBCO has been helping companies grow since 1988 and its recognized as the best value in the industry. All three database are available Online. Chain Restaurant database is also available in hard copy. Get in-depth research to generate competitive intelligence, business leads, mailing lists and company profiles. All stories by FSDBCO