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. Retailers subscribe to Afresh's service, gaining access to tools that optimize their inventory processes. This subscription model allows Afresh to generate revenue while also offering additional services like data analytics and consulting. The main goal of Afresh is to enhance the management of fresh food, enabling retailers to better meet consumer demand while minimizing waste and improving operational efficiency.

Company Stage

Series B

Employees

51-200

Industries

Food & Agriculture, Enterprise Software, AI & Machine Learning

Total Funding

$147.8M

Headquarters

N/A

Founded

2017


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Simplify's Take

What believers are saying

  • Afresh's innovative use of AI can lead to significant reductions in food waste, making it an attractive employer for those passionate about sustainability.
  • The company's focus on fresh food supply chains offers employees the opportunity to work on unique and impactful challenges.
  • Afresh's growth potential in a niche market can provide substantial career advancement opportunities.

What critics are saying

  • The niche focus on fresh food supply chains may limit market size and growth potential.
  • Dependence on AI technology means that any shortcomings or failures in the system could have significant repercussions.

What makes Afresh unique

  • Afresh leverages AI to optimize fresh food supply chains, a niche focus that sets it apart from broader supply chain solutions.
  • The company's technology reduces food waste and improves profitability for retailers, offering a clear value proposition.
  • Afresh's emphasis on sustainability aligns with growing consumer and regulatory demands for environmentally responsible practices.

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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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