A predictive-food-safety startup a day keeps the FOMO away.
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The Daily Dealflow newsletter delivers one vetted startup to your inbox every work day and is presented by Silicon Valley BankSVB's 2019 Startup Outlook Report is out now.
 
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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.
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.

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

⚙️ Product Stage

Full Release

🏭 Industries

Ag Tech, Agricultural Intelligence, B2B

🤑 Fundraising Status

Considering raising

💸 Total Funding
To Date

 

🙌 Founder Demographics

 

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

Contact the Founder:

Harjeet Bajaj

[email protected]

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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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