According to FINSMES, Plate IQ has raised $4M in funding. The round was led by Eileses Capital with participation from Initialized Capital, Restaurant Group, the Y Combinator Continuity Fund and the Tamares Group.

Plate IQ makes restaurant accounting easy. Automated accounts payable software replaces manual data entry by digitizing your invoices down to the line item, automatically assigning them your proper GL codes, syncing the information to your accounting software, and providing analytics around purchasing. Plate IQ also offers one-click bill pay, inventory, and cloud-based data storage that allows a restaurant to go paperless, or work together over multiple time zones.