SEATTLE – Terrantic, a data platform for food supply chain, has closed its $3.5 million seed round led by Supply Change Capital. The company had participation from York IE and Vitalize VCand existing investors Array Ventures.
The funding will help Terrantic to assist food processing companies minimize food waste and improve yield by optimizing companies supply chain operations.
“Our technology is the nerve center that provides food processors with the end-to-end visibility and contextual execution they need to connect the food supply chain,” said Krishna Srinivasan, co-founder and chief executive officer of Terrantic. “Our technology is the foundational operating system that has helped food processing companies increase shelf life by 20% and production throughput by 40%, and we are just getting started. Investments in improving our technology and sales engine will help us reach and change the operations of many more companies in the future.”
Terrantic said it uses its data platform to transform existing data from multiple sources into insights for the food supply chain industry. The Terrantic Ops Data Platform uses an AI-driven contextualization engine to help food processors, growers and packhouses to manage data, which helps companies to visualize operations, according to the company.
“An optimized and data-informed supply chain is critical to enabling a sustainable food system,” said Noramay Cadena, managing partner of Supply Change Capital. “Operational efficiency and data insights within the supply chain — from food processing to agriculture to process manufacturing — are the keys.”
