Burnt Secures $3.8M Seed Funding to Revamp Food Supply Chain Through AI
Burnt Secures $3.8M Seed Funding to Revamp Food Supply Chain Through AI
In a significant boost to the food tech sector, Burnt has announced it has raised $3.8 million in seed funding aimed at revolutionizing the global food supply chain. The funding round is spearheaded by Penny Jar Capital, with participation from notable firms such as Scribble Ventures and Formation VC, alongside a group of influential angel investors. This new backing will facilitate the development of an AI-powered operating system designed to automate the repetitive processes that currently hinder efficiency within this critical $9 trillion industry.
Aiming for Automation
The founders of Burnt have highlighted a common challenge in the food supply sector: the overwhelming amount of manual work dealing with orders, emails, and various outdated systems. "The food supply chain runs on relationships, hustle, and a thousand moving parts—but behind every order is a team buried in emails, messages, voicemails, and spreadsheets, manually trying to keep everything on track," said Joseph