Shelf Engine, a Seattle, WA-based supply chain tech startup, raised $41m in Series B funding.
The round, which brings total funding to date to $58m, was led by General Catalyst with participation from GGV Capital, Foundation Capital, 1984 Ventures, Correlation Ventures, Founders’ Co-op, Soma Capital, Firebolt Ventures and Initialized Capital.
The company intends to use the funds to further invest in its team of engineers, data scientists and supply chain automation experts.
Led by Stefan Kalb, co-founder and CEO, Shelf Engine provides an intelligent forecasting and order automation system that uses advanced statistical models, machine learning and neural networks to generate accurate orders for grocers, increasing sales and margins while reducing the 43 billion pounds of food the industry wastes every year.
It is currently live in more than 2,000 grocery stores nationwide,
Launched in 2015, the company has more than 145 employees and manages orders for leading grocers at thousands of locations nationwide.
FinSMEs
18/03/2021