Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers

David Nadirzdin, founder of Myr.io, details his transition from managing a 45-person digital agency to building a specialized point-of-sale system for limited-service restaurants. By focusing on high-volume order processing and digital integration, Myr.io addresses a specific market gap left by legacy enterprise solutions and general-purpose providers. The company currently supports 1,200 locations across 400 brands, generating approximately $110,000 in monthly recurring revenue—a significant increase from the previous year's $48,000. Beyond SaaS subscriptions, the business model incorporates hardware sales with a 40% markup and merchant service residuals, maintaining a 98% net dollar retention rate. With 24 employees and a team of seven engineers, the company is currently raising a $5 million Series A at a $20 million valuation to accelerate expansion and capitalize on the growing demand for digital-first restaurant management tools.