FreshSurety
Orlando
About FreshSurety
FreshSurety’s Supply Chain Visibility and Event Management IaaS uses proprietary technology to convert any box, carton, or bag into a “Smart Container”, a self-contained chemistry laboratory. Using this data, we apply five proprietary AI algorithms to reveal the current & future Net Present Value, NPV, of perishable foods, and natural/clean label ingredients inventory. Users can now optimize their inventory and reduce waste. Problem - Visually humans can’t determine the condition of perishable products and for Supply Chain managers decisions must be made on huge volumes of products at high velocity. Without our technology perishables are shipped or stored with mismatched timing, the perishables quickly lose value, become unsellable and waste is the result. FreshSurety’s proprietary technology and algorithms answer three questions 1) What is the current value of my inventory? 2) What is the Depreciation tomorrow and the day after? 3) Are there any problem events with my inventory? Unlike our competitors, which only guess what the inventory state is based on inferior mathematical models we measure certain targeted chemical actors to determine the actual freshness state of the product. We are the first to provide in real-time both the current and projected NPV of perishables inventory at either the order batch level or pallet level based on real data. Supply Chain Managers get direct feedback on the current value of their inventory, not a “guess”. In the home our products work inside of refrigerators, measuring stored foods remaining nutrition value so people can make better choices of when to best consume their foods based on its actual measured state. Also, our system alarms if Microbial Contamination is detected. Value Proposition: Making the products' Current Value and Rate of Depreciation visible, we literally take money from the trash and put it back in our customers' pockets. Business Model: Make Freshness Sensors cheap enough to give away and sell freshness IaaS NPV analysis. Our technology allows for automated real-time sampling of high-risk perishable stocks to a customer determined Acceptable Quality Level, AQL, at a 95% quality confidence level. Without FreshSurety technology only a very low confidence level <10%, (meaningless) quality inspection plans are possible. Because these plans have limited value, they are simply not performed, rendering the condition of stocks invisible and dangerous. Our technology has been demonstrated to successfully predict perishable freshness outcomes days in advance. Competing solutions based on time & temperature technology are only right 16% of the time. FreshSurety's algorithms correctly label bad food as bad 99.3% of the time. Our end-to-end system reduces food waste by over 1.5 tons per million dollars of retail value for Supply Chains over 5 days long and allows for automated real-time sampling of perishable stock at a 95% quality confidence level. We have gathered the world’s largest machine learning/AI training sets of perishable foods and have made many food freshness discoveries previously unknown to science. The scientists and engineers of FreshSurety have over 120 years of combined technical and business experience working on programs for defense customers and DARPA. We put our skills to work to create a new food freshness system that doesn’t require a degree in chemistry to use. Working with food economists we built a new end-to-end system that reports the value of perishable foods, working in real-time, automatically, 24 X 7 X 365.
Company Facts
- Operating status: Closed
- Company type: For Profit
- IPO status: Private
- Employees: 1 – 10
- Estimated revenue: $1K – $10K
- Total funding: $1.1M
- Funding stage: Seed
- Last round: Seed (Mar 2018)
- Website: freshsurety.com
- Phone: (321) 209-8699
Industries & Categories
IaaS, Information Technology, Supply Chain Management
Social Profiles
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