Austin-based Loman AI, a voice AI platform for restaurants, raised $3.5 million in seed funding. Next Coast Ventures led the round. TenOneTen Ventures and Antler also participated in this Loman AI funding. The capital will advance product development and expand the team.
The restaurant industry faces labor shortages and missed sales from unanswered calls. Loman AI's platform addresses these challenges. It answers every call, takes orders, books reservations, and fields guest questions.
Consequently, restaurants using Loman AI capture more sales and deliver smoother service without additional staff. Customers report up to 22% higher revenue from recaptured calls and smart upsells. Moreover, labor costs decrease by as much as 17% by offloading phone traffic. The platform has processed tens of millions in order volume and millions of calls since launch.
Advancing Restaurant Voice AI Capabilities
Loman AI scaled to serve restaurants nationwide in just one year. The platform gained significant traction in the pizza category, where high phone volume is critical. However, it successfully operates across various cuisines and restaurant formats, from independents to national enterprises. Therefore, this Loman AI funding supports continued growth.
The company integrates directly with leading point-of-sale systems and reservation platforms. This allows seamless operation and data synchronization. Loman AI's specialized artificial intelligence offers a distinct solution compared to general voice assistants like SoundHound or reservation platforms such as OpenTable. The company is actively hiring across engineering and go-to-market roles to further enhance restaurant technology.
The daily brief
Get the free daily brief with the day's AI news, new AI startups and funding rounds every morning.
Join 64,000 other subscribers.
The platform transforms the phone into a revenue-generating asset for operators.
