Eyenalyze of Conway, which provides CPA-friendly back-office solutions for restaurants, announced Friday that it has received seed funding from seed capital investment fund Cadron Creek Capital of Conway.
Eyenalyze says the funding will be used to further its solution that simplifies inventory, plating cost and employee tracking processes, while providing end data that is useful and compatible with financial analysis and reporting.
CPA Michael Rasmussen, CEO of Eyenalyze, said in a release, “Eyenalyze provides powerful technology tools, usually reserved for national chains, to regional and independent restaurant operators. Cadron Creek Capital's investment in our company underscores our value proposition and will help us to further improve our offering, providing restaurant owners and managers with the technology tools they need for success."
Jeff Standridge, co-founder of Cadron Creek Capital, said in the release, “We believe that Eyenalyze's mission, not only in producing a powerful suite of back-office personal computer and mobile apps, but also their vision in creating a seamless bridge between the data captured by their system and the world of CPAs, is an offering that is sorely needed by small- and medium-sized restaurant chains. Having their solution already successfully adopted by numerous restaurant franchises, we're looking forward to Eyenalyze's continued momentum and development of their offerings."
Eyenalyze announced last year its intention to open offices in downtown Conway. Eyenalyze and two other technology companies planned to invest a combined $2.5 million and bring 140 jobs to the city.
Arkansas Business in 2014 reported how the startup was founded.