ClearCOGS Secures $3.8M in Oversubscribed Seed Round to Transform Restaurant Operations and Tackle Food Waste

ClearCOGS, a leading provider of AI-powered predictive analytics for restaurants based in Chicago, has secured $3.8 million in a seed funding round oversubscribed with investment led by Closed Loop Partners, Myriad Venture Partners, and Level Up Ventures. The funding aims to accelerate the adoption of AI Ops and predictive analytics within the restaurant industry.

By offering precise daily forecasts to assist with food preparation, ordering, and staffing decisions, ClearCOGS addresses the persistent issue of food waste in the industry, which amounts to over $25 billion in losses annually in the U.S. This technology enhances operational efficiency, enabling operators to make smarter decisions in real-time, ultimately driving profitability and sustainability.

The investment from Closed Loop Partners’ Venture Group, Myriad Venture Partners, and Level Up Ventures (a venture arm of Hearst Corporation) highlights the importance of reducing food waste and promoting sustainability in the restaurant sector. Through advanced AI technology, ClearCOGS translates complex operational data into actionable guidance, helping restaurant operators cut costs, improve efficiency, and boost profitability.

The funding will support ClearCOGS in further developing its forecasting tools to empower restaurant operators in achieving better operational outcomes. This capital injection will also fuel product development and customer acquisition efforts, allowing ClearCOGS to expand its presence in the food service industry. Trusted by leading restaurant brands, ClearCOGS continues to help optimize operational decisions, reduce waste, and enhance overall profitability.

ClearCOGS’ innovative solutions have garnered support from investors like Myriad Venture Partners, who recognize the transformative potential of its technology. This funding round will enable ClearCOGS to continue driving efficiencies and sustainability in the food service industry, setting a new standard for how AI can revolutionize the sector.

The investment from various venture partners underscores the growing interest in leveraging cutting-edge technology to drive positive change in key industries. ClearCOGS’ commitment to reducing food waste and improving operational efficiency aligns with the mission of its investors to support innovative solutions that drive lasting transformation in the food service sector.