#SaudiArabia #AIapps - Riyadh-headquartered restaurant operations and financial management platform Foodics has signed a $10 million strategic agreement with US cloud computing provider Amazon Web Services (AWS) to accelerate the development of its own artificial intelligence solutions. The restaurant and payment technology company will leverage AWS’s cloud computing infrastructure to develop and deploy AI-powered solutions. Target applications include predictive demand forecasting, intelligent inventory management, dynamic pricing and AI-driven recommendations. Currently in use in over 33,500 active restaurant branches, Foodics sells to food and beverage operators from traditional restaurants and cafés through to cloud kitchens and quick service establishments.

SO WHAT? - The new AWS deal signals a new focus on AI by Foodics to bring changes across its platform at a time when it is showing strong operational and financial performance. The company reported great first-half 2025 results with a 23% year-over-year increase in restaurants using its technology. The company now plans to integrate AI capabilities throughout its platform, positioning AI as core to its functionality, rather than an add on. Foodics also aims to leverage AI to deliver advanced new capabilities to its fintech-enabled restaurant management ecosystem. Judging from its LinkedIn job posting, the company is also expanding its data engineering team to support its AI roadmap.

Here are some key details of the AWS deal:

Restaurant operations and financial management platform Foodics has signed a $10 million deal with Amazon Web Services (AWS) to accelerate the development of AI solutions and the integration of AI across its platform.
Foodics, which describes itself as a fintech-first software-as-a-service platform, serves the complete spectrum of the food and beverage sector including dine-in restaurants, cafés, quick service restaurants, bakeries, food trucks, cloud kitchens and non-food micro-retailers across the MENA region.
The company also holds a fintech licence from the Saudi Central Bank (SAMA), distinguishing it from pure-play restaurant management platforms by enabling it to offer integrated financial services alongside operational management capabilities.
AWS will provide cloud computing infrastructure backbone for Foodics’ platform, enabling the company to scale its services whilst developing proprietary AI capabilities, embedded directly into its restaurant management solution.
Foodics plans to deploy predictive demand forecasting capabilities to help restaurants anticipate customer traffic and order volumes, reducing food waste and optimising ingredient purchasing decisions based on historical patterns and external factors.
The platform will introduce dynamic pricing functionality, enabling restaurants to adjust menu prices based on demand patterns, inventory levels, time of day and competitive factors to maximise revenue and reduce waste.
Intelligent inventory management tools will use AI to track ingredient usage patterns, predict stock requirements and automate reordering processes, addressing persistent operational challenges faced by food and beverage operators of all sizes.

ZOOM OUT - Since its founding in 2014, Foodics has processed over 6 billion orders through its platform and raised $170 million in a Series C funding round, positioning it among the most successful software-as-a-service companies to emerge from the Middle East and North Africa region. The venture’s 2022 Series C round was led by Netherlands-based technology investor Prosus and Saudi Arabia Public Investment Fund-owned Sanabil Investments, with participation from Sequoia Capital India, STV, Raed Ventures and Endeavor Catalyst. In July 2025, Kuwait financial services provider Kamco Invest’s private equity division acquired an undisclosed stake in the company. Foodics now supports over 33,000 restaurants enabling annual gross merchandise value exceeding $10 billion. Foodics is expected to pursue a public listing on Saudi Arabia’s Tadawul stock exchange within two to three years.

[Written and edited with the assistance of AI]

Middle East AI News

Foodics signs $10 million AWS deal to support…