The company says it will use this funding to expand its business in the U.S. and UK.
FoodDocs, the creator of artificial intelligence–driven food safety–management software, announced it recently raised $2.4 million in funding from investors such as Bonnier Ventures, Forward Venture Capital, Spring Capital, and United Angels VC. The company says it will use this funding to expand its business in the U.S. and UK.
Established by two female Hazard Analysis Critical Control Points (HACCP) consultants in 2017, FoodDocs aims to help food business owners create HACCP plans and “manage their food safety systems more easily.” The software utilizes AI-driven machine learning. It can create region-specific HACCP plans and digitize food safety processes, providing real-time dashboards and taking automatic readings from temperature sensors and barcode readers. HACCP data is streamlined and stored in one place and is readily available for upcoming audits. The company says the software is already being used by 15,000 customers.
“The food industry is hungry for change because of the pandemic,” said Katrin Liivat, cofounder and CEO of FoodDocs, in a press release. “Compliance processes need to become more efficient and company-friendly—that’s where we change the game. Leveraging AI, FoodDocs makes getting compliant 500x faster than the traditional method and allows food businesses to save 20% of their time on staying compliant.”