Afresh

Afresh

AI solutions for fresh food inventory management

About

Afresh Technologies provides solutions for grocery retailers to improve their inventory management in the fresh food supply chain. Their platform uses machine learning algorithms to help retailers reduce food waste and increase profitability by optimizing how they manage their stock. Retailers subscribe to Afresh's service, gaining access to its features and potentially additional services like data analytics and consulting. What sets Afresh apart from competitors is its specific focus on the fresh food sector and its commitment to helping retailers meet consumer demand while minimizing waste. The goal of Afresh Technologies is to enhance the efficiency of fresh food management in retail.

Company Stage

Series B

Employees

51-200

Industries

Food & Agriculture, Enterprise Software, AI & Machine Learning

Total Funding

$147.8M

Headquarters

San Francisco, California

Founded

2017


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Simplify's Take

What believers are saying

  • Growing demand for AI in supply chain boosts Afresh's market potential.
  • Retailers seek sustainable solutions, aligning with Afresh's waste-reduction mission.
  • Omnichannel retailing increases need for sophisticated inventory systems like Afresh's.

What critics are saying

  • Tech giants entering AI supply chain space threaten Afresh's market share.
  • AI advancements may render Afresh's platform obsolete if not updated.
  • Data privacy regulations could hinder Afresh's data collection and usage.

What makes Afresh unique

  • Afresh uses AI to optimize fresh produce inventory management for retailers.
  • The platform minimizes waste and maximizes freshness through advanced machine learning.
  • Afresh offers a subscription model, providing continuous access to its AI-driven solutions.

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Benefits

Comprehensive health plans

Competitive compensation

Generous parental leave

Equity packages

401(k) matching

Flexible vacation policy

Monthly grocery stipend

Professional development program

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