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F r o m W i k i p e d i a , t h e f r e e e n c y c l o p e d i a
( R e d i r e c t e d f r o m T o a s t P O S )
Cloud-based restaurant software company
Toast, Inc. is an American cloud-based restaurant management software company based in Boston , Massachusetts . The company provides an all-in-one point of sale (POS) system built on the Android operating system .
History [ edit ]
Toast's founders—Steve Fredette, Aman Narang, and Jonathan Grimm[1] [3]
In February 2020, Toast received $400 million in a round of Series F funding including Bessemer Venture Partners and TPG , at a valuation of $4.9 billion.[4] [5] [update] [6]
In April 2020, Toast laid off 50% of its workforce due to the COVID-19 pandemic and its economic impact on the restaurant industry.[7]
In November 2020, Toast has a secondary sale that valued the company at around $8 billion, despite laying off half of its employees in April.[8] initial public offering under the stock symbol TOST.[9] [10]
In February 2023, it was announced Toast had acquired the Costa Mesa -headquartered producer of digital display solutions and drive-thru technology for quick-service restaurants (QSRs), Delphi Display Systems.[11]
Toast headquarters were located at Landmark Center from 2015 until June 2023.[12]
Products [ edit ]
First launched in March 2020, Toast's restaurant management system operates on the Android operating system and includes four devices: Flex (a terminal available in single-screen, guest-facing and kitchen displays), Tap (a three-in-one payment processing device that supports contactless payments), Toast Hub, and receipt printer .[13]
The company started supporting reservations in April 2023, entering into competition with OpenTable and Resy .[14]
Recognition [ edit ]
In May 2016, the New England Venture Capital Association (NEVCA) named Toast the winner of the Hottest Startup: A+ at the 2016 NEVY awards.[15] [16]
References [ edit ]
^ Kirsner, Scott (December 26, 2012). "Testing out Toast, new mobile app that helps diners keep an eye on the tab" . Boston.com. Archived from the original on November 25, 2020. Retrieved May 26, 2016 .
^ Chernova, Yuliya (2020-02-14). "Payments Tech Provider Toast Raises $400 Million at $4.9 Billion Valuation" . Wall Street Journal . ISSN 0099-9660 . Archived from the original on 2021-01-14. Retrieved 2020-02-20 .
^ "Software Maker Toast Raises Funds at $4.9 Billion Valuation" . Bloomberg.com . 2020-02-14. Archived from the original on 2021-01-14. Retrieved 2020-09-09 .
^ "Toast Inc. Q1 2022 Quarterly Report (Form 10-Q)" . SEC.gov . U.S. Securities and Exchange Commission . May 13, 2022. p. 20. Archived from the original on May 24, 2022. Retrieved May 24, 2022 .
^ "Letter From the CEO on COVID-19 Impact | Toast POS" . pos.toasttab.com . Archived from the original on 2020-04-08. Retrieved 2020-04-08 .
^ Levy, Ari (2020-11-24). "Restaurant tech start-up Toast soars to $8 billion valuation seven months after cutting half its staff" . CNBC . Archived from the original on 2020-11-24. Retrieved 2020-11-24 .
^ Grothaus, Michael (2021-09-22). "Toast IPO: the restaurant software maker's TOST shares debut on the NYSE today" . Fast Company . Archived from the original on 2021-09-22. Retrieved 2021-09-22 .
^ Megaw, Nicholas; Kruppa, mILES (22 September 2021). "Toast whets appetite for consumer IPOs with $20bn stock market debut" . Archived from the original on 22 September 2021. Retrieved 22 September 2021 .
^ umeshell (2023-02-17). "Restaurant tech firm Toast acquires Delphi Display Systems" . Verdict Food Service . Archived from the original on 2023-02-17. Retrieved 2023-02-17 .
^ Aaron Pressman; Catherine Carlock (May 8, 2023). "Toast plans to vacate its Fenway headquarters, looks for new space" . The Boston Globe Archived from the original on May 11, 2023. Retrieved May 11, 2023 .
^ Natalie Gagliordi (March 3, 2020). "POS maker Toast launches dedicated hardware suite based on Android" . ZD Net . Archived from the original on June 9, 2022. Retrieved June 9, 2022 .
^ Aaron Pressman (April 25, 2023). "New on the menu for Toast? Reservations" . The Boston Globe Archived from the original on May 11, 2023. Retrieved May 11, 2023 .
^ Conti, Katheleen (May 19, 2016). "New England startups honored by venture capital group" . The Boston Globe. Archived from the original on January 13, 2021. Retrieved May 26, 2016 .
^ "Toast, Inc. Review" . Better Business Bureau. Archived from the original on 2016-08-28. Retrieved 2016-08-12 .
See also [ edit ]
External links [ edit ]
R e t r i e v e d f r o m " https://en.wikipedia.org/w/index.php?title=Toast,_Inc.&oldid=1223228594 " C a t e g o r i e s : ● C o m p a n i e s b a s e d i n B o s t o n ● C o m p a n i e s l i s t e d o n t h e N e w Y o r k S t o c k E x c h a n g e ● P a y m e n t s y s t e m s ● P o i n t o f s a l e c o m p a n i e s ● A n d r o i d ( o p e r a t i n g s y s t e m ) s o f t w a r e ● M o b i l e t e c h n o l o g y ● B u s i n e s s s o f t w a r e ● C l o u d c o m p u t i n g p r o v i d e r s ● T e c h n o l o g y c o m p a n i e s o f t h e U n i t e d S t a t e s ● C u s t o m e r l o y a l t y p r o g r a m s ● 2 0 2 1 i n i t i a l p u b l i c o f f e r i n g s H i d d e n c a t e g o r i e s : ● P a g e s w i t h n o n - n u m e r i c f o r m a t n u m a r g u m e n t s ● A r t i c l e s w i t h s h o r t d e s c r i p t i o n ● S h o r t d e s c r i p t i o n m a t c h e s W i k i d a t a ● A r t i c l e s c o n t a i n i n g p o t e n t i a l l y d a t e d s t a t e m e n t s f r o m M a r c h 2 0 2 2 ● A l l a r t i c l e s c o n t a i n i n g p o t e n t i a l l y d a t e d s t a t e m e n t s ● O f f i c i a l w e b s i t e d i f f e r e n t i n W i k i d a t a a n d W i k i p e d i a
● T h i s p a g e w a s l a s t e d i t e d o n 1 0 M a y 2 0 2 4 , a t 1 8 : 1 7 ( U T C ) . ● T e x t i s a v a i l a b l e u n d e r t h e C r e a t i v e C o m m o n s A t t r i b u t i o n - S h a r e A l i k e L i c e n s e 4 . 0 ;
a d d i t i o n a l t e r m s m a y a p p l y . B y u s i n g t h i s s i t e , y o u a g r e e t o t h e T e r m s o f U s e a n d P r i v a c y P o l i c y . W i k i p e d i a ® i s a r e g i s t e r e d t r a d e m a r k o f t h e W i k i m e d i a F o u n d a t i o n , I n c . , a n o n - p r o f i t o r g a n i z a t i o n . ● P r i v a c y p o l i c y ● A b o u t W i k i p e d i a ● D i s c l a i m e r s ● C o n t a c t W i k i p e d i a ● C o d e o f C o n d u c t ● D e v e l o p e r s ● S t a t i s t i c s ● C o o k i e s t a t e m e n t ● M o b i l e v i e w
US$2.473 billion (2022)
US$−228 million (2021)
