Farmstead raises $2.2M venture round, announces plans for expansion
Farmstead developed AI-powered predictive analytics models to accurately predict supply and demand in order to deliver fresh, local orders.
Farmstead, what is said to be the nation's first artificial intelligence (AI)-powered digital grocer that sources and delivers fresh, local food from farm to fridge in 60 minutes, raised an additional $2.2 million venture round from ARTIS Labs, San Francisco; Resolute Ventures, San Francisco; Y Combinator, Mountain View, Calif.; Red Dog Capital, San Francisco; and other investors, bringing the total raised to date to $7.5 million. The funding will help Farmstead set the stage for accelerated geographic expansion.
Farmstead, San Francisco, developed AI-powered predictive analytics models to accurately predict supply and demand in order to deliver fresh, local orders.