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A predictive-food-safety startup a day keeps the FOMO away.
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Startup of the Year: Daily Dealflow
Startup of the Year™ is a global competition, world-wide community, and resource for founders. We discover and support the most promising and innovative startups from around the world through #DailyDealflow, #SOTYPodcast, events, and more.
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Savormetrics
Savormetrics is a leader in AI-driven portable devices that provide businesses across the food sectors with actionable food safety and quality metrics.
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Savormetrics provides AI-powered portable tools to food processors, grocery chains, and growers to reduce costs that are realized from spoilage, regulatory issues, and out-of-spec recalls. Their products provide predictive metrics through the use of real time sensing technologies, empowering their clients to predict issues and avoid them from happening in contrast to reacting to them after they have happened (i.e. real-time QA/QC).
Customers can realize up to 50% reduction in waste, leading to an exponential increase in profits.
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What's Innovative About Their Solution?
Savormetrics' artificial intelligence-driven technology not only detects but predicts various food safety and quality metrics, allowing for preventative QA/QC vs remedial QA/QC.
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📍 Location
Mississauga, Halifax, Boston
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⚙️ Product Stage
Full Release
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🏭 Industries
Ag Tech, Agricultural Intelligence, B2B
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🤑 Fundraising Status
Considering raising
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Big Wins
- Generated significant sales in first 18 months of operations and are cash flow positive
- Significant sales pipeline, generated entirely from pull marketing and reputation
- Customers include globally-recognized multinational food companies
- Awarded significant funds for Sustainable Development Technology
- Recognized by Fast Company for ‘World Changing Ideas’
- Named one of Hello Tomorrow's Deep Tech Pioneers, from over 5,000 applications from 128 countries
- Start up of the Year Finalists
- Ag Funder Top 5 Most Innovative International Startup Pre-Series A in 2018
- Won GreenCentre Canada competition
- Graduated from CDL Accelerator
- Won Bio Industrial Innovation Canada Fund
- Part of Centre of Excellence consortium project to build an IoT solution for the global grain industry
- Raised Series A capital with Constellation Software
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Contact the Founder:
Harjeet Bajaj
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Further Your Passion For Startups
The Startup of the Year Podcast raises the bar for startups around the world by providing further insight on the emerging companies featured in our Daily Dealflow ™ newsletter and by highlighting newsworthy stories and global trends affecting the startup ecosystem. Thank you to American Airlines and Silicon Valley Bank for your sponsorship! |
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Thank you to our Daily Dealflow Sponsor!
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2019 Startup Outlook Report
SVB is pleased to present the 10th edition of our annual Startup Outlook Report, focusing on the innovation economies of the US, the UK, China and Canada. Read the report here.
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