See other companies on Welcome to the Jungle
Shelf Engine
Grocery demand forecasting & order automation
- 101-200 employees
- Retail
- B2B
- Artificial Intelligence
- Machine Learning
- Automation
- Central Business District, Seattle, WA
Jump to section
Company mission
Shelf Engine's mission is to reduce food waste through automation.
49% employee growth in 12 months
Our take
Due to factors including perishability, supply chain issues and human error, profit margins from grocery sales are startlingly low – estimated at below 5%. To counter this, Shelf Engine leverages Machine Learning to automatically forecast and order highly perishable products, helping retailers increase their profit margins while minimizing food waste.
The company’s model is pretty innovative, and it’s become popular with retailers and investors alike. The fact that it’s able to offer real value to the trio of consumers, retailers and the environment is largely what led to a huge revenue increase as well as an over $40 million funding round in 2021.
This investment round is powering Shelf Engine’s rapidly increasing headcount and growth into thousands of stores across the US.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Pre-IPO equity with a four-year vesting schedule
- PTO that is unlimited and self-managed for full-time employees
- 100% employer-paid premiums for medical, dental, and vision insurance for employees, and 50% covered for eligible dependents
- Coverage for life insurance, short- and long-term disability, and access to a robust Employee Assistance Program
- Optional employee contribution of pre-tax dollars to medical and dependent care FSA accounts
- 401k plan through Guideline to contribute to your financial future
- A unique opportunity to join a fast-growing sustainability startup early on, making a meaningful impact on the team as well as the environment
- Some meals provided for employees in the Seattle and Denver offices
Company values
- Make the first move – We're all leaders. Don't wait for someone else to do it. Be bold and take the initiative to get things started
- Make better decisions – Repeated good decisions have a virtuous compounding effect. Treat decision-making with care
- Be furiously curious – Investigate how and why things work the way they do
- Commit and deliver – Deliver the best results, fast
- Have empathy – Seek to understand your teammates and our customers. Reflect what you see, support one another, collaborate — and camaraderie will ensue
- Invent solutions – The answer won’t always be obvious. The question isn’t can it work: it’s how
- Be authentic – Bring your truest self to your work and into all your interactions. Even when things are tough, be respectful
Funding (last 2 of 5 rounds)
Sep 2021
$43m
LATE VC
Mar 2021
$41m
SERIES B
Total funding: $101.1m
This company has top investors
Leadership
Stefan Kalb
(CEO)Former CEO at healthy food startup Molly's Salads. Before this they served as Vice President of Business Development at NewEarth Renewable Energy Inc.
Bede Jordan
(CTO)Before co-founding Shelf Engine, spent over 11 years at Microsoft, where they worked on HoloLens as a Principal Software Engineering Lead, as well as a Software Engineering Lead on XAML.