Evigence Raises $18M in Series B Funding
Summary
The company intends to use the funds for continued development of its solution, with a focus on advanced data collection and analytics capabilities and launch of additional commercial partnerships in the US and Europe. Led by CEO Yoav Levy, Evigence provides a Freshness Management System that combines sensors and data analytics to empower food brands, retailers, and foodservice providers to measure and manage the freshness of foods in real time, at the unit level, from end-to-end across the supply chain. Sensors are applied at the moment of packing and react to aggregate time and temperature exposure as food moves through the supply chain. Evigence recently launched its Freshness Management System with meal kit delivery company Marley Spoon by Martha Stewart. Other current customer engagements include major US and European grocers, food brands and foodservice providers, who are piloting the system for applications ranging from supply chain optimization to freshness-based inventory management.