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GrubMarket raises $50M at $3.5B+ valuation to build AI for the $1 trillion food distribution industry
U.S. President Trump’s wide-ranging tariff hikes are already resulting in growth forecasts being cut amid other uncertainty — actions that will inevitably
There are clear implications in the form of higher prices, possible supplier collapses, a drop in demand — but as little has gone into effect so far that directly impacts logistics and tariffs on the produce and other food that GrubMarket trades in, for now it’s business as usual for the company, he said. The company’s growth and scale are supported by established business fundamentals and a commitment to sustainability, benefiting farmers in California and across the U.S.,” said Kevin Moss, president of The Private Shares Fund and MD of Liberty Street Advisors, in a statement. “Through persistent innovation in AI enterprise solutions, vertical SaaS operational software, and its eCommerce platform and ecosystem, GrubMarket has become a pioneer in transforming the trillion-dollar American food supply chain industry.”
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