{"_id":"agxzfmlsbGlzdHNpdGVyGAsSC05ld19Db21wYW55GICAwObHzYgJDA","lastupdate":"2023-01-12T00:00:00.000Z","update_date":"2023-01-12T00:00:00.000Z","lastModified":"Dec 11, 2024","active":1,"confidence_score":101,"confidence_score_reason":"markets","urlname":"wasteless","minimal_profile":null,"status":"","fullstatus":"","acquired":0,"hide_reason":null,"hide_reason_data":null,"hide_reasons":[{"id":"8257rxn4P8EFQOmS5hAAauHyYMhhxrA5u6yWX4XUShpybX3AMNo3Y9","reason":"Pending approval - External entity"},{"id":"aOIaOiiqfpA8UMw6VCTh8ueRmkG3lzDy1NGqEOaJbe11OrCzMTCCd6","reason":"The company is a service provider"},{"id":"ddgjKuc3GgH8E5UehSVJviRl471BCajL1plO8HtGoOojy2NivYqQ7x","reason":"Owner asked to delete"},{"id":"EjOKM211H1ira9J63oaGPuUxvr7Oba55TZo3NWsFO5uhbNu7o4x4zD","reason":"The company is not Israeli"},{"id":"J7fQJtnT3GdWWSE3MD8rzaW65LJ4jEIKxSZnneQiReONdZjG3zIqWe","reason":"Owner asked to hide in the meantime"},{"id":"NxlAC3ReFb5ksiYNLp2FnUyluoJzwRCYfcF7xpTZaPM53SdWQ5kv0B","reason":"Pending approval"},{"id":"RhC1tlwXzioK0MfzBII3H2wepEfQOfKVktmdwqeqTJjGi3ZaBWUqZo","reason":"The company is not innovative"},{"id":"S0Ed46vNI6vZYVxLedANWGjas23K6hY0QdsCtiGYL7lshqIEdLV3sA","reason":"The company ceased operations in Israel"},{"id":"VTANq7bEvlsEcPjp0ghelXfShaCosgndONGjgU730aAOxXtaDIF5j3","reason":"This is a product of an existing company"}],"type":"Startup","logokey":"$MgPu0p0HL5xkb45Q1EMryAdcujWHlwgjDBSCqsbtA7oRMjZXiATOaK","name":"Wasteless","oneliner":"AI-based Pricing Engines for Supermarkets","registrar":"515513265","website":"https://www.wasteless.com/","careerspage":"https://www.wasteless.com/careers","founded_month":8,"founded_year":2016,"formernames":[],"sociallinks":{"twitter":"https://twitter.com/wastelessltd","youtube":"https://www.youtube.com/channel/UCXOx-biDFVk0_E54uoNMKTg","facebook":"https://www.facebook.com/wastelessltd","linkedin":"https://www.linkedin.com/company/13216326","instagram":"https://www.instagram.com/wastelessltd"},"social":["https://www.instagram.com/wastelessltd","https://www.facebook.com/wastelessltd","https://twitter.com/wastelessltd","https://www.linkedin.com/company/13216326","https://www.youtube.com/channel/UCXOx-biDFVk0_E54uoNMKTg"],"flattenedsociallinks":"https://www.instagram.com/wastelessltd|https://www.facebook.com/wastelessltd|https://twitter.com/wastelessltd|https://www.linkedin.com/company/13216326|https://www.youtube.com/channel/UCXOx-biDFVk0_E54uoNMKTg","apps":{"appstore":"","googleplay":""},"is_claimed_by_owner":1,"employees":"11-50","employees_exact":12,"patent":0,"raised":6150000,"stage":"Seed","public_stage":"Seed","primary_sector_key":"agxzfmlsbGlzdHNpdGVyJAsSF0Jhc2VDbGFzc2lmaWNhdGlvbk1vZGVsGICA4JvZwIIIDA","primary_sector":"Business Software","alternativenames":[""],"about":"Wasteless allows supermarkets to price products based on expiration dates with the aim of providing a sustainable shopping experience with less waste, while increasing margins and revenues.\r\n\r\nThe company's proprietary AI solution tracks product rotation and waste risk to deliver an optimal markdown in case it's needed. 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The companys algorithm has led to a 50% to 90% reduction in discarded food for retailers in Europe. Wasteless is now partnering with the Dutch Hoogvliet chain and two other retailers in the Netherlands to implement its technology. 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The company also has a new VP of sales and a team in the Netherlands that is focusing on its European sales market.","partners":"Not mentioned","customers":"Not mentioned","investors":"Slingshot Ventures","confidence":9,"key_topics":["Fundraising","Dynamic Pricing","Food Waste Reduction","Expansion","Technology"],"date_of_event":"Not mentioned","valuation_amount":"Not mentioned","impact_on_company":"growth-positive","investment_amount":"$2 million","structured_issues":["Investment","Expand"],"acquisition_amount":"Not mentioned","structuredIssuesShow":"#Investment  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"lRYaUU7DYAcJyT1snS90MSTYA8CbTEWhp0frHwJD0wKrE8cf8NaDT7","news_summary":"Wasteless Raises $2m Series A for In-Store Retail Tech Reducing Food Waste - AFN","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"e592c0a8-dd2e-4dcd-a7cd-77f30fe88a21","date":"May 23, 2022","link":"https://www.fastcompany.com/90624333/these-electronic-price-tags-lower-the-cost-of-groceries-as-they-get-older","source":"www.fastcompany.com","visible":1,"analysis":{"entityGrowthIconPath":"none;"},"sentiment":null,"analysisId":"Gj1iuc1eyUK2Hh8NPoRAN6pHvWSFiDx1Y07Hui2ZjEtgnzBtaMvF2a","news_summary":"These electronic price tags lower the cost of groceries as they get older","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"block"},{"id":"09e57dbe-d068-41e5-87ee-a9c36efb2820","date":"May 23, 2022","link":"https://www.youtube.com/watch?v=lP7LXYnXgqA","source":"www.youtube.com","visible":1,"analysis":{"entityGrowthIconPath":"none;"},"sentiment":null,"analysisId":"FKxYYs5mpIM252aXLw6FaIGx7Ptn9f4xxa5jLH8pdce5RpjHkHUB5H","news_summary":"BBC Radio 4: Wasteless wins Positive Idea 2020","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"block"},{"id":"61c2fea1-1b4b-427d-98a4-d9aab78e90bf","date":"May 23, 2022","link":"https://www.engadget.com/wasteless-metro-partnership-193233098.html","source":"www.engadget.com","visible":1,"analysis":{"tags":"food waste","company":"Wasteless","layoffs":null,"summary":"Wasteless, a startup, has developed an AI-powered system to reduce food waste in grocery stores by automatically reducing the price of perishable food items as they approach their best before date. 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