"Now, a Y Combinator startup called Burnt thinks AI agents - software that can automatically handle tasks typically done by humans - can succeed where traditional enterprise software hasn't in the trillion-dollar U.S. food market. The company, which automates back-office supply chain tasks with AI, has raised $3.8 million in seed funding led by PennyJar Capital, the venture firm backed by NBA star Steph Curry, with participation from Scribble Ventures, Formation VC, and angel investors, including Dan Scheinman."
""I ended up buying hundreds of millions of pounds of seafood, but everything was tracked on Excel sheets and a 20-year-old ERP system," Jacob told TechCrunch. "In a business with razor-thin margins, it's nearly impossible to succeed without good supply chain management. We went through multiple software implementations, but two rollouts failed. That's when I realized I wanted to build software for this industry, not just work in it.""
Food supply chains are fragmented, with orders arriving through multiple channels, manual data entry, and compliance handled via spreadsheets. Burnt is a Y Combinator startup applying AI agents to automate back-office supply-chain workflows for perishable goods in the U.S. market. The company secured $3.8 million in seed funding led by PennyJar Capital (backed by Steph Curry), with other VC and angel participation. Founder Joseph Jacob brings multi-generational seafood supply-chain experience and encountered heavy reliance on Excel and a 20-year-old ERP while managing large import volumes, motivating the effort to build industry-specific software.
Read at TechCrunch
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