The funding was provided by NPIF - Mercia Equity Finance to help the hospitality software firm meet post-lockdown demand.
"The past year has been one of the most difficult in living memory for hospitality operators and we have done all we can to help them survive. However, there is now a strong sense of optimism and operators are expecting a boom in business. The funding will help us to further develop the products and take advantage of the opportunities ahead."
Chrysalis Investments has backed the data collaboration platform in a round earmarked for international expansion and product development.
"The technology that enables companies to safely and securely compare customer data is thankfully entering a new phase, driven by privacy-conscious consumers and companies focused on value and control. InfoSum is proud to be leading the way,"
The Middlesbrough pricing software developer has raised further backing from the Northern Powerhouse Investment Fund.
"Bubo.AI is the only AI-driven pricing software that takes the perceived value to customers into account. We have been delighted by the awards and other recognition we have received so far. This funding will allow us to maintain our position at the leading edge of AI and establish the software as the world leader in its field."