SnoFox Raises $4.5M in Seed Funding, Placing Energy-Efficiency Software in 10 Cold Storage Sites
SnoFox, a business intelligence tool that provides data analytics for the global cold chain, announced its $4.5 million seed round led by Voyager Ventures, bringing total funding to date to $5.7 million. The round also includes participation from Pale Blue Dot, Ponderosa Ventures, and Mudcake. SnoFox will use the funds to reach new customers in more markets across the U.S., as well as hire new talent as demand for energy efficiency grows within the global cold chain. The company is officially launching from stealth mode and already has a strong track record of delivering value to customers
The cold supply chain plays a vital role in combating food insecurity, medication storage, reducing energy waste and bolstering agricultural livelihoods and economies. But current cold chain technology is outdated. Outdated facilities are not equipped with modern intelligence tools to leverage machine learning and deep analytics for precise system maintenance and measurement. The SnoFox software platform leverages existing refrigeration data, proprietary algorithms, and remote technology to extract insights, enhancing cold storage warehouse efficiency without the need for any additional hardware.