Omnivore

About Omnivore

Omnivore Technologies, Inc. operates as a pivotal intermediary in the restaurant technology sector, providing a universal application programming interface (API) that connects disparate restaurant Point of Sale (POS) systems with a wide array of third-party applications. Founded in 2014 by Mike Wior and Mike Taczak, with Outback Steakhouse co-founder Chris Sullivan being a key catalyst and backer, the company was established to address the significant challenge of technology integration within the hospitality industry. Wior, with an extensive background in cloud and security solutions, and Sullivan, a restaurant industry icon, combined their expertise to tackle the operational friction caused by a fragmented POS landscape.

The company's core business revolves around its cloud-based development platform, Omnivore Connect. This product offers a single point of integration, allowing application developers in areas such as online ordering, delivery, loyalty programs, and analytics to write their software once and deploy it across numerous, otherwise incompatible, POS systems. For restaurant operators, this dramatically simplifies the process of adopting new technologies, enabling them to quickly adapt to shifting consumer demands like third-party delivery and pay-at-the-table solutions without the heavy lifting typically required for individual integrations. The business model generates revenue by facilitating these connections between a marketplace of app developers and its network of over 24,000 restaurant locations.

Over its history, Omnivore raised a total of $22.3 million in funding, including a notable Series A round of $13 million in 2018 with investments from The Coca-Cola Company and Performance Food Group. This funding supported its growth and the expansion of its partner network. A significant milestone occurred on February 23, 2022, when Omnivore was acquired by Olo (NYSE: OLO), a prominent on-demand commerce platform for the restaurant industry. The acquisition was a strategic move for Olo to broaden its own platform capabilities, gain access to more on-premise solutions, and expand its network of technology partners by over 50%. Following the acquisition, Omnivore continues to operate, now as a part of Olo's larger ecosystem, aiming to unify the digital and physical aspects of the restaurant experience.