Wasteless
Cutting Waste. Growing Businesses.
- Headquarters
- Tel Aviv
- Employees
- 11–50
- Founded
- 2015
- Business Model
- B2B
- Website
- wasteless.co
- Total Funding
- $2.4M
- Last Round
- $2.0M Series AOct 2018
About
Wasteless is an AI-powered dynamic pricing platform that helps grocery retailers reduce food waste and increase perishable profit margins by automatically setting optimal markdown prices based on expiration dates. Founded in 2017 and headquartered in Tel Aviv, the company uses proprietary reinforcement learning and machine learning algorithms to calculate precise price points that maximize revenue while minimizing unsold inventory. Wasteless serves leading supermarket chains across Europe and the US — including SPAR, Jumbo, Makro, and Edeka — with offices in New York, Tel Aviv, and Amsterdam.
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