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PAR Technology develops an omnichannel cloud-based software and hardware platform for restaurants and retailers. This integrated system provides point-of-sale, customer loyalty, and comprehensive back-of-house management, designed to streamline operations and unify data. The company focuses on delivering scalable technology that improves efficiency and adaptability for its clients.
Founded in 1968 by John W. Sammon Jr., PAR Technology originated from Sammon's insight into the critical need for effective operational data management, leveraging his defense contracting background. His early technical leadership guided the company, initially focused on pattern recognition, toward developing broader enterprise technology solutions.
PAR Technology empowers restaurants and retailers to elevate customer experiences and optimize daily operations. The company’s vision centers on establishing a comprehensive, connected ecosystem for hospitality and retail technology, aiming to drive performance improvements and greater operational synergy across its customer base.
PAR has 1 tracked investment across 1 company. The latest tracked deal is $2.0M Seed in Knack in October 2018.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 1, 2018 | Knack | $2.0M Seed | Precursor Ventures, Jeff Vinick | Emergence Capital, Felicis Ventures, Inovia Capital, Uncork Capital, Alex Sink, Douglas Feirstein, TOM Dibenedetto, Arizona State University Enterprise Partners, Bisk Ventures, Elysium Venture Capital |