Nory
Overview
Nory is an artificial intelligence (AI)-powered restaurant management platform designed to centralize and streamline operational functions in the hospitality industry. It was founded in 2020 by Conor Sheridan, a visionary in the restaurant sector, with headquarters in Dublin, Ireland, and London, UK. The platform combines inventory, workforce management, payroll, and business intelligence into a single system. As of September 2025, Nory has raised approximately $63 million in funding, significantly boosting its capacity for innovation and expansion.
Recent Developments
- September 2025: Nory closed a $37 million Series B funding round led by Stockholm-based investor Kinnevik, bringing total funding to $63 million. This latest investment aims to enhance Nory’s AI capabilities, including hiring data scientists and expanding its US operations. Conor Sheridan, the founder, reiterated the company's vision to use AI to make restaurants leaner and more profitable (Tech Funding News).
- May 2024: The company previously secured $16 million in a Series A funding round led by Accel. This investment was intended to accelerate product development and international expansion. The funds also aimed to help Nory enhance its AI-driven platform designed to optimize restaurant operations efficiently (Silicon Canals).
- April 2025: Nory announced improvements in waste reduction and operational efficiency across partnered chains, reportedly cutting labor costs by up to 18% and reducing food waste significantly (Nory AI).
- Growth Milestones: Over the past year, Nory has more than doubled its customer base, rapidly increasing its influence within the hospitality sector. The platform boasts major clients like Jamie Oliver Group and Black Sheep Coffee, optimizing operations for thousands of restaurants (EU-Startups).
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2020 |
| Headquarters | Dublin, Ireland; London, UK |
| Founders | Conor Sheridan |
| Revenue | Not publicly disclosed |
| Profits | Increase in core net profits by up to 50% |
| Key Investors | Kinnevik, Accel |
| Industry | Hospitality, AI |
| Number of Employees | 51-200 |
Early History
Nory was conceived as a solution to the fragmented digital landscapes that characterized restaurant operations. Launched in 2020 by Conor Sheridan, who co-founded the Mad Egg restaurant chain, the company was born out of real-world insights into the needs of restaurants. Initially funded by a pre-seed round of $2 million, Nory expanded swiftly and by 2022 had raised a further €7 million in seed funding led by Triple Point Ventures. Early on, the company identified the need for a centralized, AI-powered system that integrated all critical business functions to ensure seamless and productive restaurant operations.
Company Profile and Achievements
Nory's business model is centered around offering a unified platform that optimizes restaurant operations. It addresses challenges in business intelligence, inventory management, payroll, and workforce management through cutting-edge AI technology. Some significant achievements include:
- AI Integration: Nory’s platform provides predictive analytics, helping restaurants forecast demand and optimize labor and inventory management, a crucial component in reducing costs and increasing efficiency.
- Expansion and Client Base: The platform is used by notable restaurant groups across the UK, Ireland, and US, including Jamie Oliver Group, Azzurri Group, and Black Sheep Coffee, contributing to Nory's rapid growth and sector footprint.
- Operational Efficiency: Reported improvements include saving over 100 hours of administrative work per restaurant each month, reducing operating costs by up to 20%, and boosting core net profits considerably.
- Market Recognition: The platform has gained recognition as an indispensable tool for hospitality businesses looking to streamline operations and boost profits through intelligent data solutions (Accel).
Current Operations and Market Position
As of 2025, Nory is considered a leader in AI-powered restaurant management systems. The company's strategic expansion into the US market signals its intent to capitalize on the vast potential within the world’s largest restaurant sector. Nory’s competitive edge lies in its ability to predict labor needs, optimize payroll, and efficiently manage inventory—all embedded within a user-friendly system that integrates seamlessly with existing restaurant technologies. Despite the challenges of rising costs and market complexities, Nory's offerings remain vital in helping restaurants maintain profitability and operational control (Business Cloud).
Conclusion
Nory stands at the forefront of transforming the hospitality industry with its AI-driven solutions that cater to modern operational challenges. Its innovative approach helps streamline restaurant operations while enhancing profitability and reducing costs. With significant recent funding, the company is poised for continued growth and expansion, particularly in the US market. Through ongoing enhancements to its AI platform and strategic hires, Nory aims to redefine the digital landscape for hospitality businesses globally, reinforcing its position as a key player in restaurant technology.