Company Overview
Snapshot
Founded in August 2016 by Oded Omer and Yossi Regev, Wasteless operates with 11–50 employees. The company has raised $6.15M across 8 funding rounds from 6 investors. In December 2022, a Dutch retail chain acquired Wasteless's software, linking food prices to expiration dates.
Business overview
Wasteless develops AI-based pricing engines for supermarkets, focusing on reducing food waste and increasing retailer margins. Its proprietary AI solution tracks product rotation and waste risk to optimize dynamic pricing based on expiration dates. This allows supermarkets to offer varying discounts, providing sustainable shopping options for consumers while serving the retail and e-commerce sectors, particularly within the supermarket industry.
Strategic signal
In December 2022, a Dutch retail chain acquired Wasteless's software, indicating strong market validation for its AI-driven dynamic pricing solution. This acquisition demonstrates a growing industry recognition of the need for innovative approaches to combat food waste and optimize retail operations, signaling potential for further adoption of Wasteless's technology in the European market.
Log in to access full profile ›Company Intelligence Q&A
- What was a key strategic development for Wasteless in late 2022?
- In December 2022, a Dutch retail chain acquired Wasteless's software, which links food prices to expiration dates, to help reduce food waste.
- When did Wasteless deploy its pricing solution at METRO?
- Wasteless deployed its pricing solution at METRO in May 2021 to assist with food reduction efforts.
- Which investor participated in Wasteless's March 2019 funding round?
- ZORA Ventures participated in Wasteless's Seed funding round in March 2019.
- Which investor led a funding round for Wasteless in June 2018?
- Slingshot Ventures led a Seed funding round for Wasteless in June 2018, investing $1.5 million.
- When did Wasteless secure a grant?
- Wasteless secured a grant in February 2022.