How much funding has Wasteless raised?

Wasteless has raised $2.4M in total funding, most recently a Series A round.

Who are Wasteless's investors?

Wasteless's investors include SLINGSHOT (Singapore).

Where is Wasteless headquartered?

Wasteless is headquartered in Tel Aviv, Israel.

What industry is Wasteless in?

Wasteless operates in Artificial Intelligence, SaaS.

Wasteless

Cutting Waste. Growing Businesses.

Tel Aviv, Israel · Founded 2015 · $2.4M raised

Artificial Intelligence

SaaS

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
Rounds: 2

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.

Summary

Wasteless is an Artificial Intelligence company based in Tel Aviv, Israel, founded in 2015. It has raised $2.4M in total across 2 rounds, most recently a $2.0M Series A round in Oct 2018. Investors include SLINGSHOT (Singapore).