Enterprise-grade AI platform Loop AI raises $14 million from Nyca Partners, others

Loop AI, the enterprise-grade AI platform purpose-built for the restaurant and retail back office, has raised $14 million in a Series A funding round led by Nyca Partners.

The round also saw participation from prominent investors Gokul Rajaram, Base10, Afore Capital, Converge, Alumni Ventures, Data Tech Fund, John Pepper, 9Yards Capital and Operators Studio.

As part of the financing, Osama Bedier, investment partner at Nyca Partners and former Google and GoDaddy executive, will join Loop AI’s Board of Directors.

Founded in 2022 by a team of engineers and restaurateurs, Loop AI is the enterprise-grade AI platform purpose-built for the restaurant and retail back office. Operating as an agentic co-worker, the startup empowers brands to drive profitable growth by automating complex tasks across finance, operations, and marketing.

The startup will use the funding to expand its product suite and grow headcount for offices in New York, San Francisco, Tampa, and Bengaluru.

“Loop sits at the intersection of several transformative trends in the restaurant industry, including the rise of AI, a growing focus on customer experience and the drive for greater operational efficiency. These will be essential pillars shaping the future of dining,” said Bedier.

“Anand and Sundar are building a remarkable company and transformative technology that will be indispensable for restaurant operators. I’m thrilled to join them on this journey and to contribute to the company’s next phase of growth.”

“Delivery is the new drive-thru, and it is poised to fuel the next decade of growth for the restaurant industry. As consumer behavior continues to shift towards takeout and delivery, our mission to make delivery more profitable for restaurant operators has never been more vital,” said Anand Tumuluru, co-founder and CEO of Loop AI.

“We are incredibly grateful for the support from both new and returning investors in our Series A raise. Their backing empowers us to continue equipping restaurants with the essential tools they need to thrive amid shifting consumer preferences and industry dynamics.”