AI-based fresh food management workflow optimization platform- Attracted USD 12 million investment
Afresh is a supply chain company that uses cutting-edge A.I. to massively reduce food waste and increase profits.
In order to manage fresh food with a short shelf life, unlike industrial products, AI-based demand forecasting and order quantity recommendations are provided to efficiently provide fresher products to customers.
Optimized management reduces discarded fresh food by up to 50%, and increases sales volume based on high customer satisfaction, resulting in a 4% increase in fresh food-related profit margin.
Afresh Technologies
Afresh Technologies is an operator of a fresh-first supply chain platform intended to handle the complexity of perishable categories for brick and mortar retailers and wholesalers. The company's platform brings artificial intelligence and machine learning to forecast ingest millions of data points to provide accurate item-level predictions of future demand to replenish recommendations that account for supply chain constraints and optimize for margin, enabling clients to minimize waste, maximize freshness and multiply business profitability.
General Information
- Headquarters : San Francisco, CA
- Founders : Matt Schwartz, Nathan Fenner, Volodymyr Kuleshov
- Categories : Agriculture, Artificial Intelligence, Food and Beverage, Logistics, Machine Learning, Supply Chain Management
- Founded : 2017
- Contact : hello@afreshtechnologies.com
Funding
- Investors: Baseline Ventures, Better Food Ventures, Food Retail Ventures, Greenhouse Capital Partners, Impact Engine, Innovation Endeavors, Maersk Growth
- Funding Rounds (3) - $19.8M
- Jul 20, 2020 Series A / $12M
- Apr 30, 2019 Series A / $6.1M
- Mar 4, 2018 Seed Round / $1.7M
Source: Afresh Technologies
👉• Web: http://afresh.com/
👉• Video: Afresh Technologies - YouTube
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