Crisp has raised $26 million in a Series B1 funding round led by Paine Schwartz Partners to enhance its AI-driven platform, aimed at optimizing retail supply chain efficiency and reducing waste.

Target Information

Crisp is an innovative company focused on improving the efficiency of the retail industry through real-time data solutions. Founded by Are Traasdahl, who has over two decades of experience in building businesses, Crisp aims to tackle significant challenges in supply chain management by utilizing artificial intelligence (AI). The company has developed a vertical AI platform that cleanses, models, and interprets retail data from more than 40 retailers and distributors, empowering consumer packaged goods (CPG) brands to make informed decisions regarding inventory and sales.

With its recently launched AI Agent Studio, Crisp offers automated insights and actions to enhance supply chain performance, helping to reduce out-of-stock scenarios and food waste significantly. The company's commitment to achieving near-zero waste in the retail industry is evident in its mission to transform global commerce data into actionable strategies for its customers.

Industry Overview

The retail industry operates within a global framework that sees over $15 trillion in goods moving annually through supply chains. Despite the vast economic potential, retailers often face challenges due to razor-thin profit margins and