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Hi Auto has raised $15 million in Series A funding to enhance its AI-driven platform for automating drive-thru orders. The funds will support the company's growth as it addresses rising labor costs in the quick-service restaurant industry.

Apr 02, 20256 months ago

Amount Raised

$15 Million

Round Type

series a

Tel AvivArtificial IntelligenceInformation TechnologySoftware

Description

Hi Auto, a startup specializing in voice technology for drive-thru services, has raised $15 million in Series A funding to expand its AI-driven platform. The company’s software-as-a-service platform aims to automate the drive-thru ordering process, achieving over 96% accuracy. This funding brings the total capital raised to $23 million, including a $4 million credit line. The technology assists QSR operators in managing labor costs and improving efficiency.

Company Information

Company

Hi Auto

Location

Tel Aviv, Tel Aviv District, Israel

About

Hi Auto is a startup specializing in voice technology for drive-thru services, aiming to automate the drive-thru ordering process. Their software-as-a-service platform utilizes advanced AI voice technology to enhance accuracy and efficiency in quick-service restaurants. The system is designed to improve speed and profitability while reducing reliance on human workers for routine tasks. Hi Auto has raised a total of $23 million in funding to support its growth and expansion.

FundzWatch™ Score

74
Medium Activity

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