Afresh

Afresh Technologies is a developer of an AI-powered solutions that optimize merchandising, ordering, and operations for all fresh departments.

Afresh is reinventing the fresh food supply chain with human-centered AI.

Afresh Technologies was founded in 2017 by Matt Schwartz, Nathan Fenner, and Volodymyr Kuleshov. The company is headquartered in San Francisco, California.

 

Afresh uses artificial intelligence combined with massive amounts of data to assist human operators in better managing our fresh food supply. The company uses the same kinds of algorithms that power Google data centers and AlphaGo to make the fresh food supply chain wildly more efficient.

 

Afresh is the only modern fresh food (produce, meat, seafood, bakery, food service) optimization company that has developed AI-powered merchandising, ordering, and store operations solutions that significantly reduce food waste, increase food freshness, accelerate stock turns, and improve grocers' top and bottom lines.

 

Afresh is backed by Innovation Endeavors, Food Retail Ventures, Maersk Growth, Impact Engine, Baseline Ventures and others. The company raised $13M in a Series A extension round on Nov 19, 2020. This brings Afresh's total funding to $32.8M to date. The latest round values Afresh at a $100M post-money.

 

 

  • Year founded: 2017
  • Funding Info: $32.8M over 4 Rounds (Latest Funding Type: Series A)
  • Yearly Revenue: NA
  • Employee Size: 11-50
  • Business Valuation: Valued at $100M as of Nov 19, 2020
  • City/Town: San Francisco
  • State: California
  • Country: United States
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