DTiQ, a provider of SaaS-based video, analytics and optimization solutions for operators within the restaurant, convenience store and specialty retail industries, received a $145 million growth investment from Bain Capital’s private credit group. With the funding, the company plans to drive increased innovation in AI and computer vision, expand its SaaS product offerings and capture new opportunities.
“DTiQ has a customer-first, outside-in innovation approach and a cloud-first, mobile forward solution set to help restaurant and retail operators solve everyday problems and grow their businesses,” JL Valente, CEO of DTiQ, said. “We are thrilled to be able to accelerate our already aggressive product roadmap.”
“Our investment in DTiQ is an emblematic of our conviction in this well-established, globally-renowned business and its ability to innovate new AI-enhanced video and data solutions for the benefit of the restaurant and retail industries,” David Healey, a director at Bain Capital Credit, said. “We’re proud to support DTiQ’s exciting growth trajectory with strategic capital and our long track-record of helping SaaS businesses reach their full potential.”
“Given DTIQ’s growth plans, existing solutions, roster of customers and leadership, this investment by Bain Capital is catalytic capital for its future,” Rick Shrotri, founder and managing partner of Digital Alpha Advisors, DTiQ’s private equity partner, said. “We believe DTiQ is posed for profitable growth in 2025 and beyond, and we are pleased to be partnering with Bain Capital on this investment.”
