The San Francisco-based company is shaking up the $10 trillion grocery industry with a fresh funding round to scale its AI platform beyond produce to the entire store, optimizing billions of real-world food decisions to slash waste and boost margins.

According to a letter sent to landowners and leasing partners, President Darrel Monette says this process will allow them to stabilize finances, restructure debt, and continue operating.

The company says the strategic hire of Joh Johannsen underscores its commitment to embedding practical AI capabilities across its food safety and supply chain platform.

Ahead of the West Coast Produce Expo, Ruth Villalonga explains why the $2.8 trillion Hispanic market is no longer a niche and how retailers can capture this high-spending demographic through authentic storytelling and cultural connection.

The tomato industry is currently facing a “perfect storm” of environmental, geopolitical and economic factors that have sent prices skyrocketing by 23% year over year.

Industry insiders say he brings ample experience working with agriculture from his previous roles.