Winnow, a London, U.K.-based startup company developer of smart kitchen tech that allows commercial kitchens to reduce food waste, raised $12m in Series B funding.
The round was led by Ingka Group and Mustard Seed. This follows a recent $8m loan from The European Investment Bank (EIB).
The company intends to use the funds to to further accelerate the development of the technology and business approach and expand operations within the hospitality industry across global markets.
Co-founded by Marc Zornes and Kevin Duffy, Winnow provides kitchens with ai AI-enabled tool to track food waste. The company uses computer vision to allow chefs pinpoint waste, cut costs and save time. The system takes photos of wasted food as it’s thrown away and, using the images, the machine trains itself to recognize what has been thrown in the bin. This means that, over time, food will be thrown in the bin and the data will be captured automatically. This increases data accuracy and ease of use.
The company has offices in London, Dubai, Singapore, Shanghai, Cluj-Napoca and Iowa City.