Guac Analysis: $2M Raised
What is Guac?
Guac builds AI-powered forecasting and replenishment software for fresh grocery operations. Its proprietary model ingests internal and external signals, then turns item-level sales forecasts into ordering and production recommendations. The company says customers have cut food waste by 38 percent and increased sales by 3 percent.
Location
New York, United States
Employees
1-10
Founded
2023
Revenue
$400k
Product Features & Capabilities
- Fresh Ordering, Production Planning, Head Office Dashboard, AI-powered demand forecasting, inventory management, tailored local data forecasting, reduction in food waste, increase in product availability.
How much Guac raised
Funding Round - $2.3 million
December 19, 2023Lead Investor: 1984 Ventures, Y Combinator, Collaborative Fund
Who are the founders of Guac
EW
Euro Wang
Co-Founder & CEO
JS
Jack Solomon
Co-Founder & CTO
Market Focus
Guac primarily focuses on the grocery and food retail industry, specifically providing AI-powered demand forecasting and replenishment solutions for fresh grocery items.
Business Model
Multiple revenue streams include marketplace commissions, enterprise partner revenue, and subscriptions.
Investors
- Y Combinator
- 1984 Ventures
- Collaborative Fund
- Angels from Instacart
- Angels from Jane Street
- Angels from Citadel Securities
Competitors Overview
Guac's main competitors in the market of AI-powered demand forecasting and replenishment solutions for fresh grocery items include:
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Aravita: Specializes in optimizing fresh food operations for the retail sector using AI. It focuses on reducing overstocking and waste while enhancing decision-making processes to maximize profitability.
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RELEX: Offers a unified platform for supply chain and retail planning, helping retailers optimize their planning across demand, merchandise, supply chain, and operations. This approach aims to maximize customer satisfaction and minimize operational costs.
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Afresh: Concentrates on grocery retail, providing AI-powered solutions for ordering, forecasting, and store operations. Its technology is designed to improve efficiency, reduce food waste, and enhance profitability in managing perishable inventory.
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Shelf Engine: Provides grocery technology aimed at reducing food waste and increasing sales for retailers through forecasting and automated ordering solutions, helping grocery stores manage their inventory effectively.
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IDA: A digital agency that focuses on e-reputation and digital transformation, offering services distinct from the food optimization focus of Guac and its other competitors.
Notable differences include the specific market focus and technological solutions offered by each competitor, with Guac primarily targeting fresh food operations and leveraging AI for optimization.
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