Level 1 Sponsor
WHAT WE DO
Afresh Technologies multiplies profits in Fresh food categories (Produce, Meat, Deli, Bakery, Food Service) for brick and mortar grocers by reducing food waste, increasing in-stock rate, and adding days of shelf life.
Coming out of Stanford’s Computer Science PhD program—Afresh is the first “Fresh-first” supply chain company.
We have developed novel demand forecasting technology that is tailor-made for the nuances and challenges of perishable food and grocery. This demand forecasting technology powers our solutions: store/item-level replenishment, pricing optimization, omnichannel inventory / fulfillment, and more.
VALUE WE CREATE
In partnership with a regional grocery chain, we’ve proven the capability of our store/item-level replenishment solution to generate $300K+ in profit lift per grocery store through reduced Fresh waste and stock-outs. Additionally, optimized replenishment enables grocers to hold less safety stock and turn inventory over faster—this adds days of shelf life to Fresh food, increases back-room space, and delivers large working capital benefits.
WHO WE ARE
Food and computer science are in our DNA. Our founding team is comprised of Stanford technologists (PhD & Engineers in machine learning and artificial intelligence) and MBAs that are singularly focused on grocery and perishable food.
We believe the future is Fresh—we’re on a mission to make Fresh food experiences better for consumers and more profitable for grocers by bringing the cutting-edge of technology to this industry.