Owner

Restaurant Tech · AI · Vertical SaaS

Funding

Owner raises $240M Series D at $2.3B valuation

The platform already powers more U.S. restaurant locations than Domino's or Taco Bell, and is eyeing salons, spas and grocers next.

• Owner raised $240 million in a Series D led by Growth Equity at Goldman Sachs Alternatives, valuing the AI restaurant-tech company at $2.3 billion, with existing backers Meritech, Redpoint, Headline and Jack Altman also participating.
• Founded in 2020, Owner calls itself the 'AI CMO and CTO' for local businesses, running restaurants' websites, online ordering, apps, CRM, POS and AI phone ordering through automated agents.
• The round follows a $120 million raise at a $1 billion valuation about 15 months earlier, meaning Owner has more than doubled its valuation since May 2025.
• Owner has surpassed $100 million in annual recurring revenue and expects independent restaurants to process more than $1 billion in sales through its platform in 2026, per the company.
• Owner says its platform now powers more U.S. locations than Domino's or Taco Bell, with over 100 million American consumers having interacted with a business running on it.
• The company plans to push beyond restaurants into salons, spas and independent grocers while expanding internationally, betting its AI agent playbook transfers across verticals.
• At $2.3 billion on roughly $100 million in ARR, Owner is priced at over 20 times revenue, a wager that AI-run marketing and operations can expand into new local-business categories without eroding margins.