Food-X Technologies Receives Additional Funding to Enhance eGrocery Management Solution for Retailers

Food-X Technologies, a leading scalable end-to-end software solution for profitable online grocery fulfilment, today announced the Digital Technology Supercluster will provide a follow-on $2.6 million to enhance its eGrocery Management Solution (eGMS) for retailers to scale safe food delivery. This round offers ten times the initial funding raised for the feasibility study announced in April, allowing Food-X to continue leading the collaboration of prominent companies, including Microsoft, Adaptech, AltaML, ETG Consulting, Routific, OpsGuru and Spud.

At the onset of the COVID-19 pandemic, Digital Technology Supercluster partnered with Food-X Technologies to rapidly develop foundational features of the eGrocery management system in order to support Canadian frontline workers. The expansion of this project will further enhance the eGrocery SaaS solution functionality, empowering grocery retailers to effectively and efficiently manage the rapidly growing online demand, scale safe food delivery throughput and ultimately compete in the digital economy.

Food-X eGMS software-based tools help online grocery fulfillment center employees and e-commerce business managers effectively manage the day-to-day online grocery operations at scale. The solution seamlessly integrates with existing ERP systems, legacy grocery systems, warehouse automation and robotics allowing for a frictionless experience on the back end while increasing accessibility to a contactless, safe food delivery experience for consumers.

“Our Supercluster is proud to continue our partnership with Food-X Technologies during such a critical point in time for our society,” said Sue Paish, CEO of the Digital Technology Supercluster. “We look forward to the continued success of this project and the value it provides.”

“We are incredibly proud to continue our partnership with Digital Technology Supercluster to further our goal of providing retailers across the nation an end-to-end, scalable profitable solution to effectively manage operations,” said Food-X Technologies founder and Chief Executive Officer Peter van Stolk. “The coronavirus pandemic has forever changed our world and we see a tremendous need for scaling around the need for convenience, local food transparency and sustainability. Our solution supports the changing consumer behavior by enabling retailers a proven response to meet the demand that this pandemic has created.”

About Food-X Technologies

Food-X draws on over 20 years of experience in online grocery and has a proven track record of delivering efficiency, sustainability and profitability for large grocery retailers. Food-X Technologies is the only scalable end-to-end software solution designed to meet the needs of grocery retailers with profitable unit economics. For more information please visit FoodX.io.

About Digital Technology Supercluster

The Digital Technology Supercluster solves some of industry’s and society’s biggest problems through Canadian-made technologies. We bring together private and public sector organizations of all sizes to address challenges facing Canada’s economic sectors including healthcare, natural resources, manufacturing, and transportation. Through this ‘collaborative innovation,’ the Supercluster helps to drive solutions better than any single organization could on its own. The Digital Technology Supercluster is led by industry leaders such as D-Wave, LifeLabs, LlamaZOO, Lululemon, MDA, Microsoft, Mosaic Forest Management, Sanctuary AI, Teck Resources Limited, TELUS, Terramera, and 1Qbit. Together, we work to position Canada as a global hub for digital innovation. A full list of Members can be found here.

About the COVID-19 Program

The COVID-19 Program aims to improve the health and safety of Canadians and support Canada’s ability to address issues created by the COVID-19 outbreak. In addition, the program will build expertise and capacity to anticipate and address issues that may arise in future health crises, from healthcare to a return to work and community. More information can be found here.

Contacts:

Food-X Technologies media relations: FoodX@icrinc.com

For media requests related to the Digital Technology Supercluster, please contact Elysa Darling at elysa@switchboardpr.com or 1-587-890-9833.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.