Founded in 2018 and headquartered in Cologne, foodforecast develops AI-powered demand forecasting solutions for the food retail sector. The company's platform delivers intra-day predictions for ultra-fresh products, automating production and ordering processes across bakeries, supermarkets, and food-service operations. Its technology integrates directly with point-of-sale and inventory management systems, automating over 90% of ordering decisions and reducing food waste by 30% while increasing sales by 11%.
The company brought its platform to market in 2022 and has since scaled to several thousand store deployments throughout Europe. In 2023 alone, foodforecast's technology saved an estimated 4,000 tons of food waste - equivalent to removing over 1,000 cars from the road annually in terms of CO2 reduction.
foodforecast secured €3 million in Series A funding to support its growth. Its core technical domains span artificial intelligence, demand forecasting, predictive analytics, and automation, operating at the intersection of advanced machine learning and real-world retail operations.