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GrubMarket raises $50M at a $3.5B+ valuation to build AI for the $1 trillion food distribution industry

TechCrunch LogoTechCrunch13h ago

GrubMarket raises $50M at a $3.5B+ valuation to build AI for the $1 trillion food distribution industry - TechCrunch

Quick Summary:

President Trump’s wide-ranging tariff hikes are already resulting in growth forecasts being cut amid other uncertainty — actions that will inevitably impact the technology sector, too.

Over time, it beefed up its food distribution business further — seeing a bump in trade especially during the peak of the Covid-19 years — which led to its revenues and valuation climbing higher and higher.

He said that in the last year, GrubMarket released “really comprehensive” enterprise AI software for the food supply chain industry.

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GrubMarket raises $50M at a $3.5B+ valuation to build AI for the $1 trillion food distribution industry - TechCrunch (Picture 1)

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Article Details

Author / Journalist: Ingrid Lunden

Category: StartupsBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-18 @ 09:05:21 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1237 words

Reading Time: 7 minutes read

Sentences: 40 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 27143297

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News Last Updated: 4 days ago

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