Foodforecast builds AI-powered demand forecasting solutions that eliminate food waste while maximizing profitability for food retailers. Their proprietary artificial intelligence platform delivers intra-day predictions for ultra-fresh products, automating production and ordering processes across bakeries, supermarkets, and food-service operations. The technology integrates seamlessly with existing point-of-sale and inventory management systems, replacing manual planning with data-driven precision that reduces food waste by 30%, increases sales by 11%, and automates over 90% of ordering decisions.
Founded in 2018 and headquartered in Cologne, Germany, Foodforecast has deployed its solutions across several thousand stores throughout Europe since its market launch in 2022. The company saved 4,000 tons of food waste in 2023 alone, equivalent to removing over 1,000 cars from the road annually. With €3 million in Series A funding secured in 2024, Foodforecast is expanding its European footprint, serving major clients including SSP Germany, Subway, dean&david, and Bäckerei Göing. Their mission: save €10 billion worth of food within the next decade through intelligent automation.
