USA - Mid-Week Tech News Roundup – February 2nd to February 6th 2026

One Identity appoints Gihan Munasinghe as Chief Technology Officer

California-based cybersecurity firm One Identity has named Gihan Munasinghe as its new chief technology officer, strengthening its executive team as it continues to evolve its identity and access management platform.

Munasinghe joins from work management software company Smartsheet, where he spent eight years and most recently served as senior vice president of engineering. In his new role, he will be responsible for setting One Identity’s overall technology strategy and leading its global engineering organisation.

Let by CEO Praerit Garg, One Identity provides identity and access management solutions across hybrid cloud and on-premises environments, covering identity governance, privileged access management, access management and Active Directory tools. The company operates as a standalone brand within Quest Software, which was acquired by Clearlake Capital Group in 2022.

Munasinghe succeeds Andrew Hartnett, who has held the CTO position since September 2024. His appointment signals a continued focus on platform development and engineering execution as One Identity supports organisations managing increasingly complex identity environments.

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Loop AI raises $14m Series A to power AI-led back-office operations for restaurants and retail

San Francisco–based Loop AI has raised $14 million in Series A funding, as the company accelerates growth across the fast-evolving restaurant delivery and off-premise market.

The round was led by Nyca Partners, with participation from a broad group of operators and technology investors including Base10, Afore Capital, Alumni Ventures and Converge. As part of the raise, Osama Bedier, former Google and GoDaddy executive and now investment partner at Nyca, will join Loop AI’s board.

Founded in 2022 by engineers and restaurateurs, Loop AI is an enterprise-grade AI platform built specifically for the restaurant and retail back office. Acting as an “agentic co-worker”, the platform automates complex workflows across finance, operations and marketing, helping operators scale delivery and takeout without sacrificing margins.

The timing is significant. Food delivery is now the fastest-growing channel in the restaurant industry, with the US delivery market expected to expand dramatically over the next decade. Loop AI positions delivery as the new drive-through, enabling operators to treat off-premise ordering as a profitable growth engine rather than a margin drain.

Anand Tumuluru, co-founder and CEO alongside Sundar Annamalai, said the funding will allow the company to double down on its mission to make delivery more profitable as consumer behaviour continues to shift toward takeout and digital ordering.

The platform is already seeing strong traction. Since 2024, Loop AI has grown six-fold and now supports thousands of restaurant locations across the US. Customers including Lazy Dog and Starbird report improved delivery economics, deeper insight into customer behaviour and measurable revenue growth powered by Loop’s agentic workflows.

The new capital will be used to expand Loop AI’s product capabilities and scale its teams across New York, San Francisco, Tampa and Bangalore, as the company continues to embed AI deeper into the operational core of modern restaurant and retail brands.

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