GrubMarket Inc.

GrubMarket Inc.

Technology, Information and Internet

About us

GrubMarket is the AI-powered technology enabler and digital transformer of the American food supply chain industry. It is the first mover of building B2B eCommerce, as well as the first mover of providing Enterprise AI Solutions to the American food supply chain industry. It is one of the largest private food tech companies in the United States and the world.

Website
https://www.grubmarket.com
Industry
Technology, Information and Internet
Company size
1,001-5,000 employees
Headquarters
San Francisco
Type
Privately Held
Founded
2014
Specialties
Food and Beverage, eCommerce, American Food Supply Chain, Technology Transformation, Software-as-a-Service, Generative AI, and AI-Powered

Locations

Employees at GrubMarket Inc.

Updates

  • View organization page for GrubMarket Inc., graphic

    5,371 followers

    We’re thrilled to be on CNBC's 12th annual #Disruptor50 list of private, venture-backed companies transforming industries for the second year in a row! 🎉 This year GrubMarket Inc. rose 18 spots to be named the #23 disruptor 🚀 "The food supply chain feeds more people than ever but is surprisingly low-tech and fragmented. GrubMarket Inc. aims to change that by consolidating and modernizing the sector using technology." 🥑🍇🍎🚜🚚💻 Check out the full list via the link in the comments below. 🔗 #buildagreatcompany #foodsupplychain #disruptors #ai #saas #artificialintellegence #disruptthefoodsupplychain #agtech #aisupplychain #bethechange

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  • View organization page for GrubMarket Inc., graphic

    5,371 followers

    On this Veterans Day, GrubMarket Inc. extends heartfelt gratitude to all those who have served our country with courage and dedication. We are especially proud of the many veterans within our GrubMarket Inc. team who have brought the values of service, resilience, and leadership into the work we do every day. Their contributions are invaluable, not only to our mission but also to the strength of the entire food supply chain. We also recognize and celebrate our customers, partners, and all veterans throughout the food industry who have served with commitment and sacrifice. From farms to distribution centers, their dedication has helped ensure a more reliable, sustainable food supply for everyone. Thank you for your service and for all you continue to do in support of our communities. Today, we honor you.

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  • GrubMarket Inc. reposted this

    View organization page for ACE Ventures, graphic

    2,589 followers

    Thrilled to see GrubMarket Inc. CEO Mike Xu recognized among Goldman Sachs' Most Exceptional Entrepreneurs of 2024! As the AI-powered technology enabler transforming America's food supply chain, GrubMarket has grown into one of the largest private food eCommerce companies globally. Proud to have supported Mike and the team since their early days! Congratulations, Mike and the entire GrubMarket team! 🚀

    View organization page for GrubMarket Inc., graphic

    5,371 followers

    We are humbled to have our CEO Mike Xu be recognized as one of the most exceptional entrepreneurs of 2024 this week at Goldman Sachs’ Builders and Innovators Summit held October 16-18th in Healdsberg, CA. 👏👏👏 We're excited to see what ideas start with #GSInnovators and we look forward to hearing from other leading entrepreneurs and thought leaders at the summit. 🤝 Check out the full Press Release via the link in the comments below 🔗👇

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  • GrubMarket Inc. reposted this

    View organization page for ACE Ventures, graphic

    2,589 followers

    Thrilled to see GrubMarket Inc. CEO Mike Xu recognized among Goldman Sachs' Most Exceptional Entrepreneurs of 2024! As the AI-powered technology enabler transforming America's food supply chain, GrubMarket has grown into one of the largest private food eCommerce companies globally. Proud to have supported Mike and the team since their early days! Congratulations, Mike and the entire GrubMarket team! 🚀

    View organization page for GrubMarket Inc., graphic

    5,371 followers

    We are humbled to have our CEO Mike Xu be recognized as one of the most exceptional entrepreneurs of 2024 this week at Goldman Sachs’ Builders and Innovators Summit held October 16-18th in Healdsberg, CA. 👏👏👏 We're excited to see what ideas start with #GSInnovators and we look forward to hearing from other leading entrepreneurs and thought leaders at the summit. 🤝 Check out the full Press Release via the link in the comments below 🔗👇

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  • View organization page for GrubMarket Inc., graphic

    5,371 followers

    Exciting AI Product Announcement: GrubMarket Introduces GrubAssist AI Cash Flow Analyst! We’re excited to announce the release of GrubAssist AI Cash Flow Analyst, the latest addition to our GrubAssist suite, designed to transform cash flow management for food wholesalers and distributors. This AI-powered module simplifies managing cash inflows and outflows, providing real-time insights into accounts receivable (AR), accounts payable (AP), collections, and payments. ✨ Key Features: 📊 AI-powered Cash Flow Projections: Generate cash flow forecasts using historical data, seasonal trends, and more. Ask questions like, "What is my expected cash balance for next Friday?" and receive accurate predictions to make proactive decisions. 💡 Real-Time Visibility into AR/AP: Instantly track overdue payments and liabilities with simple natural language queries like "Which customers are past due?" 🔍 Customer & Vendor Insights: Get deeper insights into payment behaviors and vendor performance to optimize payment schedules. ⚙️ Streamlined Financial Analysis: Customize queries to review cash receipts or payment patterns, eliminating the need for manual reports. 🤝 Seamless ERP Integration: Integrates with major ERP systems like Famous, WholesaleWare, QuickBooks, and more, providing real-time updates. 📱 Mobile-Optimized Interface: Manage finances on the go with hands-free voice functionality, available on desktop, mobile, and tablets. Mike Xu, CEO of GrubMarket, states: "At GrubMarket Inc., we are committed to empowering food supply chain businesses with the tools they need to thrive. The GrubAssist AI Cash Flow Analyst allows businesses to make smarter, faster financial decisions by providing accurate insights into their cash flows. This tool eliminates inefficiencies, giving businesses the control they need to stay financially healthy. Whether you're looking at next week's cash flow or analyzing customer payment history, GrubAssist AI empowers your team to stay ahead of financial challenges." Now GrubAssist users can reduce manual processes, gain timely insights, and make informed financial decisions. GrubAssist AI Cash Flow Analyst gives businesses control over cash flow management, freeing up time to focus on growth. What used to be a multistep and multi-system process can now be done instantly in 1 simple prompt with our AI. The GrubAssist AI Cash Flow Analyst is available now! 🤩 Link to the full Press Release in the comments below 🔗👇 #AI #GrubMarketAI #CashFlowManagement #FoodSupplyChain #FinancialInnovation #ERP #AIApp #VoiceAI #MobileAIApps #AgTech #Fintech #AgAI #FintechAI #DeepLearning #NeuralNetworks #MachineLearning #AIML #AIAccounting #Quickbooks

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  • View organization page for GrubMarket Inc., graphic

    5,371 followers

    We are humbled to have our CEO Mike Xu be recognized as one of the most exceptional entrepreneurs of 2024 this week at Goldman Sachs’ Builders and Innovators Summit held October 16-18th in Healdsberg, CA. 👏👏👏 We're excited to see what ideas start with #GSInnovators and we look forward to hearing from other leading entrepreneurs and thought leaders at the summit. 🤝 Check out the full Press Release via the link in the comments below 🔗👇

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  • GrubMarket Inc. reposted this

    View organization page for FOCUS Investment Banking, graphic

    4,851 followers

    GrubMarket Inc., a B2B food marketplace that primarily sells to retail grocers, has become one of the most active buyers in food distribution M&A. Why is GrubMarket, a technology company, buying up fresh food distributors? Click the link below to learn more about the company’s bold acquisition strategy and its mission to digitally transform the global and American food supply chain. Beth Johnson https://lnkd.in/e9rFAew8 #investmentbanking #investmentbank #foodandbeverage #fooddistribution #deals #mergersandacquisitions #aisupplychain #ai #foodsupplychain #foodtech #produce #ecommerce

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  • View organization page for GrubMarket Inc., graphic

    5,371 followers

    AI isn't just a buzzword—it's rapidly becoming the backbone of a more efficient and resilient food supply chain. In a recent Forbes article, Shangyan Li, a member of GrubMarket Inc.'s AI product team and Co-Founder of recently acquired AI Ordering platform - Butter, explores the transformative power of AI in addressing the industry's biggest challenges. 📊 Here are some key insights Shangyan discusses in the article: - Global food production needs to increase by 70% by 2050 to meet the demands of a growing population. AI can optimize resources and streamline processes, making it possible to scale without massive infrastructure investments. - 30% of food produced is lost to waste each year. AI-powered inventory systems can significantly reduce waste by matching surplus food with those in need or redirecting it to alternative uses like biogas production. - AI adoption in supply chain management has jumped to 72% in 2024, according to the latest McKinsey survey. Those leveraging AI report improved transparency, reduced costs, and increased efficiency across operations. 🚀 Why GrubMarket believes in AI for the food supply chain: - At GrubMarket, we see AI as the key to unlocking data that’s currently trapped in outdated systems, allowing businesses to make smarter, faster decisions through GrubAssist AI Agents. - Our GrubAssist and AI Orders solutions are designed specifically for food industry challenges, providing real-time insights into inventory, sales, and market trends. No more waiting for reports—just ask, and GrubAssist delivers the answer. - We understand the unique complexities of the food supply chain, from the field to the distribution center. Our AI is built to simplify processes like order entry, traceability, and quality control, giving businesses the tools to adapt quickly to market changes. - By combining AI with our deep industry expertise, GrubMarket aims to empower food distributors, helping them grow more sustainably while maintaining the highest standards of food safety and efficiency. 👉 Don’t miss out on this deep dive into how AI is reshaping the future of the food supply chain. Read the full article on Forbes here: https://lnkd.in/ez_eV-i3 #AI #FoodSupplyChain #Sustainability #Innovation #GrubMarket #AIForGood #DigitalTransformation

    Council Post: From Farm To Future: AI Automation For The Food Supply Chain

    Council Post: From Farm To Future: AI Automation For The Food Supply Chain

    social-www.forbes.com

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Funding

GrubMarket Inc. 8 total rounds

Last Round

Series F

US$ 120.0M

See more info on crunchbase