Foodforecast Secures €3 Million in Series A Funding to Revolutionize the Food Industry with Artificial Intelligence

We are thrilled to announce that foodforecast has successfully raised €3 million in our latest funding round, a significant step forward in our mission to revolutionize the food industry through artificial intelligence. Our innovative technology directly addresses the staggering issue of food waste in Germany, where a staggering 11 million tons of food are discarded each year, equating to 36 times the weight of the Cologne Cathedral. With our self-developed AI system, we provide bakeries, restaurants, and retail businesses with precise demand forecasts that allow them to order and produce only what is necessary, thereby drastically reducing waste. This newly acquired funding will enable us to enhance our AI technology further and expand our services to more businesses across the food sector. By automating and optimizing processes, foodforecast not only contributes to the environment but also promises remarkable economic benefits—our partners typically see a reduction in food waste by up to 30%, an increase in turnover by 11%, and a 15% decline in labor costs due to increased automation. This investment is not merely financial; it is a commitment to a sustainable future, where efficiency in the food industry is paramount, and every meal counts. We are excited to roll out our impactful solutions to a broader audience and invite businesses across the food industry to join us in this transformative journey toward a more sustainable and efficient future.