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 how they manage fresh food inventory. This subscription model allows Afresh to generate revenue while 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

San Francisco, California

Founded

2017


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Simplify's Take

What believers are saying

  • Increased AI adoption in supply chains benefits Afresh's focus on fresh produce.
  • Growing demand for waste-reducing solutions aligns with Afresh's mission and offerings.
  • Afresh's platform supports personalized shopping experiences with advanced data analytics.

What critics are saying

  • Competition from tech giants like Microsoft and Google threatens Afresh's market share.
  • Rapid AI advancements may render Afresh's platform obsolete if not updated.
  • Retailers developing in-house AI solutions could reduce demand for Afresh's platform.

What makes Afresh unique

  • Afresh uses AI to optimize fresh produce inventory management for grocery retailers.
  • The platform provides item-level demand predictions to minimize waste and maximize freshness.
  • Afresh offers a subscription service with potential additional data analytics and consulting.

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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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