Revolutionizing Food Industry Practices: OneThird Secures $3.5 Million in Series A Funding to Combat Wastage

In an exciting development for the food sustainability sector, OneThird has successfully raised $3.5 million in funding to further its mission of reducing food waste and optimizing supply chain operations. With the staggering statistic that one-third of all food produced globally is wasted, primarily due to inefficiencies before it reaches consumers, OneThird is poised to make a significant impact. By equipping retailers with cutting-edge technology designed to predict the shelf life of produce, the company aims to transform how perishable items are handled at distribution centers and on store shelves. OneThird’s innovative approach utilizes optical sensors attached to smartphones to analyze key indicators such as sugar levels and water content in fruits and vegetables. This state-of-the-art artificial intelligence technology accurately forecasts days until spoilage in real-time, enabling retailers to better manage inventory and sell products at their peak freshness. The comprehensive software platform not only improves day-to-day operations but also empowers retailers to make informed decisions about supplier agreements and product quality assessments across the growing season. With this new funding, OneThird is set to expand its research and development efforts, enhance its platform's features, and scale its solutions to meet a growing demand among retailers seeking to minimize food waste and maximize the quality of the products they deliver to consumers. By promoting a culture of freshness and efficiency, OneThird is leading the charge in the fight against food waste, contributing to a more sustainable future for the food industry and the planet.