Introduction
Cheetah Technologies, a restaurant and food distribution commerce platform, has announced the sale of their physical distribution business based in Pleasanton, CA, to Paul Jensen, the 2nd generation owner of Palo Alto Foods. The company will now focus on scaling their AI-enabled commerce platform nationwide.
Enhancing Efficiency and Profitability
The platform offers a suite of tools designed to enhance purchasing efficiency, analytics, and profitability for distributors and restaurants. Features include digital product catalogs, personalized insights and recommendations, integrated payment processing, routing management, automated inventory tracking through point-of-sale integration, and in-app support.
“We built our restaurant application and distribution commerce platform to support our distribution business,” said Kim Spalding, CEO of Cheetah.
Spalding highlighted that the platform has significantly improved customer experience and driven unprecedented NPS scores. She emphasized the untapped $400B opportunity in the food supply space, which is larger than the $70B market cap produced by disruptive start-ups in the restaurant front of house.
Strategic Sale and Future Plans
Spalding, who joined Cheetah in 2023, has pivoted the company towards commercializing their technology. She recently secured an additional $14 million in funding and is focused on vertical SaaS for the restaurant supply. The decision to sell the physical distribution business to Paul Jensen was strategic, allowing Cheetah to concentrate on scaling their platform.
Paul Jensen, CEO of Palo Alto Foods, expressed his enthusiasm for the deal, stating, “This is the best of both worlds. Cheetah’s technology will be a game-changer for the entire foodservice industry.”
Conclusion
The last shipment out of the Cheetah warehouse will be its software, marking a new chapter for the company. Distributors interested in more information can contact Cheetah Technologies’ Co-Founder Christopher Elliott at [email protected].
About Cheetah
Cheetah launched the first restaurant supply app, providing an efficient and affordable way for restaurants to get their daily supplies. Their technology addresses complex issues in foodservice distribution, including supply chain management, logistics optimization, data analytics, and purchasing algorithms.
For more information on Cheetah, please contact [email protected].
Source: link
- 0 Comments
- Ai Process
- Artificial Intelligence