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Danny Meyer’s investment arm injects $10M into voice AI tech firm

August 24, 2022

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ConverseNow’s growth reflects intensifying restaurant demand for labor-saving solutions as the industry struggles to navigate an historic talent shortage. The company has recorded 12-fold revenue growth over the past year, and CEO Vinay Shukla said in a statement that corresponding demand has been difficult to keep up with.

The tech firm claims its offering nearly doubles peak-hour volume ordering from restaurants’ voice channels, and that it has helped operators boost same-store sales up to 30%. ConverseNow can also raise average ticket prices up to 20% and provide up to 12 hours of additional labor per restaurant per week, the company claims.

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