AI platform secures six-figure funding to boost hospitality data

Distil.ai has secured £350,000 from the South West Investment Fund, part of a £1m funding round that also includes investment from Waterspring Ventures.

The Exeter-based company hopes the investment will grow its team and enhance its platform, with plans to add multi-language features before pursuing a Series A funding round.

Distil.ai uses AI to turn raw data into business intelligence, focusing on the restaurant and hospitality industries.

Its platform aims to improve operations, marketing and customer management, partnering with platforms like OpenTable to boost efficiency.

Gerry McNicol, founder and CEO of Distil said: “This funding is allowing us to invest in key activities to accelerate our growth trajectory and solidify our position in the market. Planned developments mean we can continue to provide customers with unparalleled insights at an exceptional value. We are excited to partner with The FSE Group and South West Investment Fund as we continue to expand our capabilities and enhance our platform.”

Meg Salt, investment manager at The FSE Group said: “With its scalable technology and strong foothold in the restaurant sector, Distil.ai is a compelling investment opportunity. The company’s unique access to OpenTable data, along with its credible management team, make it an exciting proposition. Distil is well-positioned to achieve significant growth and we are delighted to be supporting them on this journey.”