GrubMarket AI - The ONLY Enterprise AI Solution Provider for the Food Supply Chain Industry

Food logistics company GrubMarket Inc. has raised $50 million in a Series G funding round, valuing the San Francisco-based firm at more than $3.5 billion. The new round includes Liberty Street Funds, 3SPOKE?Capital, ROC Venture Group, Portfolia, Pegasus Tech Ventures,?and?other unnamed investors. The company says the funding will be used to double down on artificial intelligence. “As?our?business model is?highly sustainable, this funding round was not a necessity,?but rather an opportunity to align?our valuation with?the scale?and strength?of our?business?growth, our AI tech innovations,?and the significant value we create?for?the industry,” founder & CEO Mike Xu said in a statement announcing the funding. GrubMarket has been named to CNBC’s annual #Disruptor50 list the past two consecutive years, ranked?No. 23?in 2024 and?No. 41?in 2023.

We are excited yet humbled to announce that GrubMarket has raised around $50 million, at a significantly higher Series G funding valuation of over $3.5 billion! This funding highlights our rapid growth as America's largest private food technology company and the only Enterprise AI solutions provider for the American food supply chain. Mike Xu, CEO of GrubMarket, stated: "GrubMarket has experienced an incredible acceleration in growth over the last 12 months – our revenues surpassed $2 billion in 2024, and we became the largest private food technology company in the United States, while continuing to maintain a strong and healthy financial bottom line. As our business model is highly sustainable, this funding round was not a necessity, but rather an opportunity to align our valuation with the scale and strength of our business growth, our AI tech innovations, and the significant value we create for the industry. In 2024, GrubMarket released the first Enterprise AI software solution suite for the American food supply chain industry. We are proud to innovate within this industry and for this industry. With the help of our patent-pending AI solutions, the lagging American food supply chain industry will be able to catch and ride the massive American and global AI technology wave that has been moving across all industries. This Series G funding will turbocharge our AI software and business growth and extend our eCommerce reach globally. We will increase our investment in people, financial infrastructure, technology, and acquisitions. Above all, we will continue to operate a sustainable business as the foundation of this company." GrubMarket continues its commitment to sustainability through initiatives like Sustainable California, supporting organic farming and environmental restoration efforts including?initiatives aimed to support the Los Angeles area with environmental restoration following the recent catastrophic wildfires. Thank you to our amazing team, customers, and investors including; The Private Shares Fund, Liberty Street Funds, 3SPOKE Capital, ROC Venture Group, Portfolia, Pegasus Tech Ventures, Joseph Stone Capital, LLC , and other key participants. Read the full Press Release here: https://lnkd.in/gT8q-72Z #GrubMarket #SeriesG #FoodTech #AI #Sustainability #BuildaGreatCompany #FoodSupplyChainIndustry #D50 #Disruptors #AgTech

Happy St. Patrick's Day from Seafood Expo North America/Seafood Processing North America in Boston, MA! There could not be a better time for us to be exhibiting at the #SENA25 conference with all of our Green on! Stop by and visit us at booth 2087 for a picture and show us your green! ???? We are here all day meeting with Seafood Supply Chain companies and demonstrating both GrubMarket AI and ERP technologies and how we can help seafood leaders with things like: ? Traceability ? Business Intelligence ? Automated Order Processing ? Warehouse Management and more! ?? Stop by and get a demo from Andrew White or Genevieve Wang live, and see the transformational power of GrubMarket AI for yourself! ?? ?? #seafood #seafoodAI #AI #VerticalAI #AIAgents #LLMs #EnterpriseAI #FoodSupplyChain #DeepLearning

We had a great first day at Seafood Expo North America/Seafood Processing North America, demoing our #AI and #ERP software solutions to #seafood distributors, wholesalers, and importers. ?? We look forward to catching up with more friends and meeting more new folks tomorrow. ?? Stop by Booth 2087 - we’d love to give you a 2 minute demo and share more about how our AI-powered solutions can help your seafood #supplychain business with: ? Traceability ? Business Intelligence ? Automated Order Processing ? Warehouse Management and more! ?? ?? ?? ?? ?? ?? ?? #sena25 #seafood #seafoodAI #AI #VerticalAI #FoodSupplyChainAI #EnterpriseAI #AIAgents

We're excited to be participating in the Foodservice Tech Webinar - How AI is revolutionizing the foodservice industry on Wednesday at 1:00 PM CT. Come hear from industry leaders including our very own Chief Software Product Officer Genevieve Wang as she discusses the topic of AI in foodservice with other industry leaders from iTradeNetwork, Inc., Jason's Deli, and Barons Market hosted by The Packer! We hope to see you there! #foodservice #enterpriseAI #AIApps #AIAgents #LLMs #DeepLearning #ArtificialIntelligence #foodsupplychain #foodserviceAI

Exciting News: GrubMarket Introduces AI Model Configuration and Enterprise Dictionary for GrubAssist AI We’re thrilled to introduce the latest breakthrough for GrubAssist AI—AI Model Configuration and Enterprise Dictionary—empowering food supply chain companies to seamlessly train AI to understand their unique business language. ?? ?? What does this mean for your business???? Food wholesalers, distributors, and supply chain operators use custom product names, customer codes, warehouse identifiers, and ERP-specific terminology every day. Now, GrubAssist AI can dynamically adapt to these custom terms, ensuring hyper-accurate, enterprise-specific AI responses, all in natural language. Key Features:? ? Custom AI Model Instruction – Train GrubAssist AI with your company’s unique terminology. ? Natural Language Processing – Speak or type naturally, and AI translates it into precise ERP queries. ? Enterprise-Tailored Accuracy – AI responses dynamically adapt to your business’s context. ? Seamless ERP Integration – Works with WholesaleWare, Famous, PICS, Thyme, Granite State Software, QuickBooks, and more. "At GrubMarket, we continue to push the boundaries of what AI can achieve for the food supply chain industry. With the launch of AI Model Configuration and Enterprise Dictionary, we have made GrubAssist AI deeply flexible and adaptive to the unique ways in which different businesses operate. GrubMarket is the enterprise AI solution provider for the industry, and this product release further strengthens our commitment to enabling our industry with advanced, AI-driven solutions that add substantial value while being extremely easy for companies to adopt." — Mike Xu, CEO of GrubMarket Inc. "One of the biggest challenges to widespread AI adoption in the food supply chain industry has been accommodating colloquial language used by employees and business terminology that inevitably varies from company to company. For instance, one company might utilize custom short codes in its product database, but, when using GrubAssist, users employ common, everyday language. Another company might have employees who have given nicknames to their customers. With these new features, we've created a way for our AI to dynamically understand and map the language used by employees of each specific company, enabling smarter and more accurate AI responses." — Genevieve Wang, Chief Software Product Officer at GrubMarket The Future of AI in the Food Supply Chain is Here??? With this powerful new capabilities, GrubAssist AI ensures that your AI speaks your language, adapts to your operations, and delivers the precise insights you need instantly. ? ?? Learn more: www.grubmarket.ai ?? Read the full Press Release here: https://lnkd.in/gKuVf9Zc #AI #FoodSupplyChain #GrubAssistAI #EnterpriseAI #DigitalTransformation #FoodTech #EnterpriseAIAgents #AIAgents

We loved the article from Amanda Keefer in The Produce News, "Industry Viewpoint: AI is here, is produce ready?" ?? ?? As Amanda states, "The produce industry has always relied on tradition, relationships and instinct, but AI is introducing new ways to optimize everything from marketing to supply chain management. While packaged goods have been quick to adopt AI-driven personalization and predictive analytics, fresh produce is just beginning to scratch the surface." We have seen similar in our recent survey of executives in the food supply chain industry where we learned that only 32% of companies have already made investments in AI technologies. It's our mission to help democratize AI for the industry by creating GrubMarket AI - The ONLY Enterprise AI Solution Provider for the Food Supply Chain Industry. We have release industry specific AI Agents for: ? Business Intelligence ? Inventory Analysis ? Cashflow Analysis ? Order Automation ? Custom Chatbots for eCommerce and more! Learn more about GrubMarket AI by visiting: https://www.grubmarket.ai Read the full article from Amanda and The Produce News: https://lnkd.in/gxvXzKzM #AI #AIAgents #AIforProduce #MobileAIApps #GenerativeAI #FoodSupplyChainIndustry #AIforGood #AIforFood #AIModels #LLMs #GPT #EnterpriseAI #GrubMarketAI

Exciting News from GrubMarket! ?? We’re thrilled to announce that GrubMarket has acquired Bay Cities Produce, a trusted foodservice distributor based in San Leandro, California. This strategic move further expands our footprint in the Northern California foodservice industry and creates powerful synergies between Bay Cities and our own Daylight Foods, enabling us to deliver even greater value to customers and stakeholders across the supply chain. ?? The Daylight Foods team, led by Keith Brewer, COO of Daylight Foods and Vice President of Operations at GrubMarket, and Chris Vlahopouliotis, General Manager of Daylight Foods, worked tirelessly to ensure a seamless transition, swiftly hiring and onboarding former Bay Cities Produce employees and retaining the vast majority of Bay Cities’ customers. Impressively, they delivered 170,000 cases of product from the transition in November through the end of 2024, including uninterrupted service during Thanksgiving week. ?? ?? Mike Xu, CEO of GrubMarket, added, “Bay Cities Produce has been a well-respected name in the foodservice industry for decades, and we are honored to welcome its employees and customers into the GrubMarket family. Bay Cities Produce and our company, Daylight Foods, have tremendous synergies, and this acquisition both complements and strengthens Daylight Foods’ position as a leader in the market. This acquisition represents our commitment to modernizing the food supply chain while honoring and preserving relationships that have been built over decades of business partnerships. We will ensure that Bay Cities’ legacy of service and quality continues to thrive in the digital age as we introduce them to GrubMarket’s technology solutions, including GrubAssist AI, WholesaleWare ERP, Orders IO, and GrubPay.” By bringing Bay Cities Produce into the GrubMarket family, we’re driving innovation in the foodservice sector and reinforcing our dedication to modernizing the food supply chain. We look forward to building on Bay Cities’ incredible legacy and partnering together to shape the future of food in Northern California and beyond! Read the full press release here: https://lnkd.in/gVk4ZhqW #Foodservice #FoodTech #SupplyChain #GrubMarket #DaylightFoods #Innovation #AI #ERP #Growth #Acquisition #Teamwork #BuildaGreatCompany

Congrats to the GrubMarket Inc. software team, and the team of GrubMarket AI - The ONLY Enterprise AI Solution Provider for the Food Supply Chain Industry! #buildgreatcompany #disruptfoodsupplychain #enterpriseAI #WholesaleWare #ERP #verticalSaaS

Announcing: The Winter 2025 Release for AI-Powered WholesaleWare ERP ?? At GrubMarket, we’re committed to transforming the food supply chain with cutting-edge technology. Today, we’re excited to introduce the Winter 2025 Release for WholesaleWare, our AI-powered ERP platform built to help food wholesalers and distributors operate with greater efficiency, accuracy, and speed. This latest release delivers powerful new automation, enhanced reporting, and productivity-boosting tools to streamline operations and provide deeper business insights. Here’s what’s new: ? Automated Workflows & Charges – Reduce manual work and errors by automating delivery, packing, and product-specific charges based on customizable rules. ?? Enhanced Reporting & Profitability Insights – Get granular financial reporting with the ability to analyze net vs. gross sales, credit memos, and returns data. ? Quick Actions for Speed & Efficiency – Create new sales or purchase orders instantly and find sales orders faster than ever with universal search. ?? Batch Order Processing – Update order statuses in bulk and ship multiple orders simultaneously with advanced validation logic. "Our WholesaleWare Winter 2025 Release reflects our commitment to empowering businesses with tools that save them time and enhance their efficiency through the infusion of AI and other modern technologies," said?Mike Xu, CEO of GrubMarket. "These new features are designed to help our customers focus on their growth by automating routine tasks and delivering actionable insights. This release demonstrates our longstanding commitment to innovation for the food supply chain and the continued development of the only AI-powered ERP solution for the industry." All new features are available now as part of the WholesaleWare platform! ?? ?? Ready to take your food business to the next level? Learn more → erp.wholesaleware.com #FoodTech #ProduceIndustry #FoodSupplyChainIndustry #VerticalAI #AI #ERP #WholesaleWare #Automation #Innovation #GrubMarket #Productivity #SaaS