Dragontail raises $8.8m so you can watch your takeaway pizza while it cooks
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Software maker Dragontail has raised $8.8 million to develop and roll out a restaurant management system that allows customers to see takeaway food as its being made.
The Dragontail (ASX:DTS) placement was sold at 22c per share. Shares were steady today at 25c.
Dragontail’s Algo software uses machine-learning to make the food preparation and delivery process more efficient, tracking each order from the kitchen to dispatch and delivery.
The system also integrates with a quality control camera, the Camera Cut Station Unit, which ensures the correct distribution of ingredients as they are assembled.
Down the line they anticipate allowing customers to tap into the same view and watch as their pizzas being cooked.
Earlier this week Dragontail announced a partnership with US digital ordering platform, Onosys to provide a full featured point of sale system for their takeaway restaurants which include the likes of Outback Steakhouse and Boston Pizza.
They hope the capital injection will allow for them to further their reach into international markets, with the goal of 200 installations in the next quarter, as well as continuing development of their technology.
Dragontail debuted on the ASX last December, and has submitted patents for its technology in eight global markets.
Results released earlier this month showed the company was improving in key metrics of lower labour costs, faster delivery and shorter rack time for its US franchisees.