Food-Waste Tech Company Afresh Raises $115M in Funding

The video discusses the importance of fresh food in shaping health and the grocery business. It highlights the challenges of managing fresh produce due to outdated technology designed for non-perishable items, leading to significant food waste. The company is developing AI-driven technology to optimize fresh food supply chains, reducing waste and improving stock management. The video also covers the company's growth, investment strategies, and plans for international expansion, emphasizing the need for sustainable practices in response to population growth and climate change.

What is one of the main reasons for significant food waste in the grocery industry?

• High transportation costs

• Overproduction of fresh produce

• Technology designed for non-fresh items

• Lack of consumer interest in fresh food

How does the company use AI to help grocery stores manage fresh food?

• By automating the checkout process

• By predicting future sales and optimizing orders

• By increasing the shelf life of fresh produce

• By reducing the cost of fresh food

What makes handling fresh produce more complicated than non-fresh items?

• Fresh produce is easier to transport

• Fresh produce lacks standardized data structures

• Fresh produce has a longer shelf life

• Fresh produce is cheaper

What is the company's mission regarding fresh food?

• To increase the price of fresh food

• To eliminate food waste and make fresh food accessible

• To focus solely on non-fresh food items

• To reduce the variety of fresh food available

How does the company plan to use new capital?

• To decrease the number of stores

• To reduce employee numbers

• To scale operations and expand product categories

• To invest in non-fresh food technology