Wasteless

Founded in 2017, Wasteless is helping supermarkets and the planet fight one of their biggest problems — food waste.

Additionally, the company is increasing client revenue on merchandize sales. According to the Food and Agriculture Organization (FAO) of the United Nations, food loss and waste costs roughly US$680 billion in industrialized countries and US$310 billion in developing countries.

Using its proprietary machine-learning pricing engine, Wasteless can price products dynamically in real time based on a series of variables, including the expiration date, shelf capacity, regional factors, brand strength, on-shelf competition, and more. Prices are displayed on electronic shelf labels or online checkouts, where consumers can see the product’s regular price as well as a discounted price for a specific expiration date.