Eyenalyze, a Conway, Arkansas-based software company specialized in data analytics for restaurant owners and franchises, received a majority investment from Rising Sun Ventures.
The amount of the deal was not disclosed.
Doug Merryman, Vice-Chairman of Rising Sun Ventures, will serve as Interim CEO of the newly formed Eyenalyze Group as Michael Rasmussen, Founder, will continue to work as EVP and Chief Strategy Officer.
The company will use the funds to accelerate product development and optimize service delivery.
Founded in 2013, Eyenalyze provides a subscription-based platform for restaurant managers, executives and business owners to get near real-time financial reporting data (from POS, Vendor/Supplier, Ingredient/Menu, Payroll, Credit Card, and Banking systems) on sales, invoices and labor on any device and improve profitability analysis, lower operating costs, and save management time.
With its integrated invoicing capabilities, users can monitor deliveries, invoices and food costs in real time. The real time inventory utilities enable the restaurateur to organize the menu, plate cost the menu, count supplies and predict future orders.
The product integrates with existing restaurant systems.