Store and Restaurant Analytics Firm DTiQ Gets $145m

DTiQ, a provider of SaaS-based video, analytics and optimization solutions for the restaurant, convenience store and specialty retail sectors, has secured a $145 million growth investment from the Private Credit Group of investor Bain Capital.

DTiQ works with more than 37,000 locations in the Americas, Europe and ANZ including brands such as Adidas, Burger King, Crocs, Dairy Queen, Dunkin, GNC, McDonald's, Subway, Swarovski and Taco Bell. The company provides SaaS video surveillance, business analytics to improve performance and efficiency and next gen Drive Thru solutions.

The firm says the new investment will allow it to move to a higher SaaS growth model, expand its AI-powered video and data analytics business optimization solutions portfolio, accelerate expansion in new territories, and strengthen its leadership.

CEO JL Valente comments: 'DTiQ has a customer-first, outside-in innovation approach and a cloud-first, mobile forward solution set to help restaurant and retail operators solve everyday problems and grow their businesses. We are thrilled to be able to accelerate our already aggressive product roadmap'.

Web site: www.dtiq.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.