Restoke is a technology company.
Restoke has raised $4.0M across 1 funding round.
Restoke has raised $4.0M in total across 1 funding round.
Restoke has raised $4.0M in total across 1 funding round.
Restoke's investors include AfterWork Ventures, Jenny Fielding, Scott Hartley, Everywhere Ventures (The Fund).
Restoke.ai is an AI-powered platform that automates restaurant back-of-house operations, including food costing, inventory management, supplier ordering, team workflows, and compliance, primarily serving restaurants, cafes, and hospitality venues.[1][2][5] It solves key pain points like manual tracking, waste reduction, margin erosion from fluctuating costs, and operational inefficiencies by providing real-time insights, an AI Co-Pilot for decision-making, and integrations with POS, accounting, and rostering systems.[2][4][5] With over 10,000 hospitality professionals using it and recent expansion into the US market, Restoke demonstrates strong growth momentum, backed by $5.1M in Seed VC funding.[3][5]
Restoke.ai was founded in 2019 (with some sources noting 2020) in Melbourne, Australia, by co-founders Assaf Stizki, a veteran restaurateur and ex-chef, and Ken Brand, an AI expert and CTO.[1][2][4] The idea emerged from Stizki's frontline experience in hospitality, combined with Brand's technical expertise, to address siloed data and manual processes plaguing restaurants, such as inaccurate costing and inventory mismatches.[2][4] Early traction came through self-setup ease and integrations, leading to participation in accelerators like Stage 2 Capital's Catalyst program in 2024, where it optimized operations for efficiency, and a Seed VC round raising $5.1M to fuel US expansion as an "AI restaurant manager."[1][3][4]
Restoke.ai rides the wave of AI agents for operational automation in hospitality, a sector ripe for disruption amid labor shortages, rising costs, and thin margins post-pandemic.[4][5] Timing is ideal as real-time data streaming and edge AI mature, enabling "hospitality solving machines" that aggregate insights across venues to benchmark best practices—countering fragmented tools with a unified platform.[2][4] Market forces like supplier price volatility and sustainability mandates favor it, while integrations amplify ecosystem value, as seen in partnerships with ROLLER for leisure venues.[2] By influencing how chains experiment and standardize (e.g., auto-updating processes), Restoke accelerates AI adoption in food service, potentially reshaping a $4T+ global industry toward efficiency and profitability.[1][4]
Restoke.ai is poised to dominate AI back-of-house automation, with US expansion signaling aggressive scaling toward multi-venue enterprise adoption and deeper AI capabilities like autonomous ordering or predictive staffing.[3][4] Trends like agentic AI, multimodal data fusion, and regulatory pushes for waste reduction will propel it, especially as hospitality chains seek 10-20% margin gains amid economic pressures. Its influence may evolve from startup optimizer to sector standard-setter, powering data networks that refine models industry-wide—turning operational drudgery into a competitive edge, much like how it already empowers 10,000+ users to focus on growth over grind.[5]
Restoke has raised $4.0M across 1 funding round. Most recently, it raised $4.0M Seed in September 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2024 | $4.0M Seed | AfterWork Ventures, Jenny Fielding, Scott Hartley, Everywhere Ventures (The Fund) |