TRAY is a technology company.
TRAY has raised $2.0M across 1 funding round.
TRAY has raised $2.0M in total across 1 funding round.
TRAY has raised $2.0M in total across 1 funding round.
TRAY's investors include Acequia Capital, Andreessen Horowitz, AngelPad, Balderton Capital, Bonfire Ventures, CRV, Global Innovation Fund, Hanabi Capital, Innovation Endeavors, Lazerow Ventures, LombardStreet Ventures, MK Capital.
TRAY is a Miami-based enterprise restaurant technology company that builds a cloud-native, Android-based point-of-sale (POS) system designed for high-volume, multi-unit restaurant brands across the US, Canada, and the Middle East.[1][5] It serves enterprise operators like IHOP and Applebee’s, solving pain points such as long wait times, inefficient operations, and outdated hardware by enabling self-service ordering, conversational UI, tableside payments, and seamless integration with legacy systems—all while reusing existing hardware for cost savings and rapid deployment.[1][2][3][5] With over a decade in business, TRAY powers thousands of live stores, demonstrating strong growth through partnerships and wins against competitors like Toast.[1][3][5]
Founded in 2013 by Peter Kellis, a computer scientist with an MIT undergrad and master's, along with prior roles as an engineer and product leader at EMC and Google (holding over 35 patents), TRAY originated from Kellis's frustration with long lines at busy bars and restaurants.[1][3] Inspired by this personal pain point, he initially developed a mobile order-and-pay app that evolved into self-order kiosk technology and eventually a full enterprise POS system built for consumer-facing self-service from the ground up.[2][3] Early traction came quickly in the restaurant, amusement, and entertainment sectors, fueled by Kellis's operator empathy—born in Greece, raised across Europe and the US—and backed by investors like Greycroft and AgFunder, with over $20M raised.[1][3] Pivotal moments include multi-year deals like IHOP's upgrade for efficient training and minimal disruption.[5]
TRAY rides the wave of digital transformation in restaurants, where self-service, contactless ordering, and unified commerce are accelerating post-pandemic to cut labor costs and boost guest satisfaction amid staffing shortages and rising wages.[1][2][3] Timing is ideal as enterprise chains modernize aging POS infrastructure—TRAY's Android reusability and global scalability align with market forces like cloud adoption and API-driven ecosystems, powering brands from IHOP to Saudi operators.[1][5] It influences the ecosystem by disrupting incumbents, enabling operators to deploy digital experiences at scale, and setting benchmarks for hardware-agnostic, high-performance tech in a $300B+ global restaurant tech market.[3]
TRAY's momentum—thousands of stores, major wins, and global expansion—positions it to capture more enterprise share as AI-enhanced ordering and predictive analytics integrate into POS.[1][3][5] Trends like hyper-personalization via open APIs and serverless scaling will shape its path, potentially evolving into a full commerce platform amid labor automation demands. Its influence could grow by dominating multi-unit upgrades, tying back to that core mission: eliminating lines for guests and staff worldwide.[1]
TRAY has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Seed in September 2017.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2017 | $2.0M Seed | Acequia Capital, Andreessen Horowitz, AngelPad, Balderton Capital, Bonfire Ventures, CRV, Global Innovation Fund, Hanabi Capital, Innovation Endeavors, Lazerow Ventures, LombardStreet Ventures, MK Capital, Moonshots Capital, Mucker Capital, Glenn Solomon, Obvious Ventures, Polaris Partners, Primary Venture Partners, Propeller VC, Redpoint Ventures, RiverPark Ventures, Dwipal Desai, Hiten Shah, Jeff Bezos, Joe Speiser, Rob Glaser, Rob Theis, Sean Ellis |