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Stock impact report

Restaurant tech startup Salido raises $2M [TechCrunch Blog]

THE PRICELINE GROUP INC COMMON (PCLN) 
US:NASDAQ Investor Relations: ir.pricelinegroup.com/events.cfm
Company Research Source: TechCrunch Blog
Hi! Salido , a startup that describes itself as “the restaurant operating system,” is announcing that it has raised $2 million in additional funding. This round from strategic investors doubles the $2 million in seed funding that Salido announced last year . Phil Suarez, who partnered with French chef Jean-Georges Vongerichten to launch well-known restaurants including ABC Kitchen and the eponymous Jean-Georges, led the new funding. Founded by Shu Chowdhury, Salido started out as a point-of-sale system for restaurants and has expanded to a broader set of tools that allows restaurants to manage their customer data, their workforce and their inventory. Chowdhury said that at first, this approach “was very unpopular because it wasn’t sexy,” but it’s become more compelling, particularly because of the comprehensive data that Salido has been able to collect. “Our goal is to fix the inside of the restaurant,” Chowdhury said. “We know that the feature se Show less Read more
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