Wasteless has developed a proprietary dynamic engine which automatically optimizes prices on perishable goods approaching its expiration date, allowing retailers to optimise prices across the demand curve. Wasteless core component is the dynamic algorithm which addresses two main target functions to increase revenue and reduce waste. The engine is developed using machine learning methodologies and is optimized for the speed of learning higher dimensionality strategic response of consumers and joint pricing and inventory decisions.
How Oded (founder Wasteless) sees Slingshot’s added value:
“Slingshot Ventures support and expertise from their investors will prove invaluable in our mission! They are a perfect match for us.“