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Founded Year



Series B | Alive

Total Raised


Last Raised

$41M | 3 yrs ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+10 points in the past 30 days

About Shelf Engine

Shelf Engine develops an automated prediction platform. It uses machine learning to help grocery stores generate orders of perishables for retail stores to eliminate food waste. It offers automated ordering, forecasting, and reporting. It serves grocery and food retailers. It was formerly known as Shelfbot. It was founded in 2015 and is based in Seattle, Washington.

Headquarters Location

1100 2nd Avenue Suite 500

Seattle, Washington, 98101,

United States


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Shelf Engine's Product Videos

ESPs containing Shelf Engine

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

Consumer & Retail / In-Store Tech

The shelf management market offer retailers technology to track in-store shelf conditions. Shelf data is collected through the use of cameras, mobile scanning, shelf sensors, robots to monitor shelves, and autonomous drones. Technology vendors in this market offer solutions that automate routine store operations tasks, provide real-time shelf insights, optimize pricing and promotions, and improve …

Shelf Engine named as Challenger among 15 other companies, including RELEX, Scandit, and

Shelf Engine's Products & Differentiators

    Shelf Engine

    Shelf Engine forecasts and orders highly perishable foods for grocers at scale. Using AI, Shelf Engine’s platform predicts consumer demand with high precision and automates ordering for every SKU, every day, in every store. Shelf Engine simplifies grocery operations by automating the purchase orders sent to suppliers and distributors, paying them directly for the products they deliver, and only charging retailers for what they sell. Shelf Engine’s performance-based model reduces labor requirements, eliminates inventory risk, and guarantees profit expansion from day one.

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Expert Collections containing Shelf Engine

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Shelf Engine is included in 7 Expert Collections, including Store tech (In-store retail tech).


Store tech (In-store retail tech)

1,754 items

Companies that make tech solutions to enable brick-and-mortar retail store operations.


Supply Chain & Logistics Tech

4,945 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).


Grocery Retail Tech

831 items

Startups providing B2B solutions to grocery businesses to improve their store and omni-channel performance. Includes customer analytics platforms, in-store robots, predictive inventory management systems, online enablement for grocers and consumables retailers, and more.


Food Waste

352 items

Startups that help tackle food waste along the food value chain. Includes solutions that help resell or repurpose food waste.


Conference Exhibitors

5,302 items


Retail Tech 100

200 items

The most promising B2B tech startups transforming the retail industry.

Latest Shelf Engine News

Silicon Valley Bank’s demise disrupts the disruptors in tech

Mar 14, 2023

4 minutes read Silicon Valley Bank’s collapse rattled the technology industry that had been the bank’s backbone, leaving shell-shocked entrepreneurs thankful for the government reprieve that saved their money while they mourned the loss of a place that served as a chummy club of innovation. “They were the gold standard, it almost seemed weird if you were in tech and didn’t have a Silicon Valley Bank account,” said Stefan Kalb, CEO of Seattle startup Shelf Engine, during a Monday interview as he started the process of transferring millions of dollars to other banks. The Biden administration’s move guaranteeing all Silicon Valley Bank’s deposits above the insured limit of $250,000 per account resulted in a “palpable sigh of relief” in Israel, where its booming tech sector is “connected with an umbilical cord to Silicon Valley,” said Jon Medved, founder of the Israeli venture capital crowdfunding platform OurCrowd. But the gratitude for the deposit guarantees that will allow thousands of tech startups to continue to pay their workers and other bills was mixed with moments of reflection among of entrepreneurs and venture capital partners rattled by Silicon Valley Bank’s downfall. The crisis “has forced every company to reassess their banking arrangements and the companies that they work with,” said Rajeeb Dey, CEO of London-based startup Learnerbly, a platform for workplace learning. Entrepreneurs who had deposited all their startups’ money in Silicon Valley Bank are now realizing it makes more sense to spread their funds across several institutions, with the biggest banks considered safer harbors. Kalb started off Monday by opening an account at the largest in the U.S., JP Morgan Chase, which has about $2.4 trillion in deposits. That’s 13 times more than the deposits at Silicon Valley Bank, the 16th largest in the U.S. Bank of America is getting some of the money that Electric Era had deposited at Silicon Valley Bank and the Seattle startup’s CEO Quincy Lee expects having no difficulty finding other candidates to keep the rest of his company’s money as part of its diversification plan. “Any bank is happy to take a startup’s money,” Lee said. Even so, there are fears it will be more difficult to finance the inherently risky ideas underlying tech startups that became a specialty of Silicon Valley Bank since its founding over a poker game in 1983, just as the advent of the personal computer and faster microprocessors unleashed more innovation. Silicon Valley quickly established as the “go-to” spot for venture capitalists looking for financial partners more open to unconventional business proposals than its bigger more established peers who still didn’t have a good grasp of technology. “They understood startups, they understood venture capital,” said Leah Ellis, CEO and co-founder of Sublime Systems, a company in Somerville, Massachusetts commercializing a process to make low-carbon cement. “They were woven into the fabric of the startup community that I’m part of, so banking with SVB was a no brainer.” Venture capitalists set up their accounts at Silicon Valley Bank just as the tech industry started its boom, and then advised the entrepreneurs that they funded to do the same. That cozy relationship came to an end when the bank disclosed a $1.8 billion loss on low-yielding bonds that were purchased before interest rates began to spike upward last year, raising alarms among its financially savvy customer base who used the fruits of technology to spread warnings that turned into a calamitous run on deposits. Bob Ackerman, founder and managing director of venture funder AllegisCyber Capital, likened last week’s flood of withdrawal demands from Silicon Valley Bank’s to a self-inflicted wound by “a circular firing squad” intent on “shooting your best friend.” Many of Silicon Valley Bank’s roughly 8,500 employees now find themselves hanging in limbo, too, even though government regulators now overseeing the operations have told them they will be offered jobs at 1.5 times their salaries for 45 days, said Rob McMillan, who had worked there for 32 years. “We don’t know who’s going to pay us when,” McMillan said. “I think we all missed a paycheck. We don’t know if we have benefits.” Even though all of Silicon Valley Bank’s depositors are being made whole, its demise is expected to leave a void in the technology sector that may be difficult to fill. In an essay that he posted on his LinkedIn page, prominent venture capitalist Michael Moritz compared Silicon Valley Bank to a “cherished local market where people behind the counters know the names of their customers, have a ready smile but still charge the going price when they sell a cut of meat.” Silicon Valley Bank is fading away at a time when startups were already having a tougher go at raising money as a downturn in technology stock values and a steady ride in interest rates caused venture capitalists to retrench. The bank often helped fill the financial gaps with one of its specialties — loans known as “venture debt” because it was woven into the funding provided by its venture capitalist customers. “There’s going to be a lot of great ideas, a lot of great teams that don’t get funding because the barriers to entry are too high or because there are not enough people who are willing to invest,” said William Lin, co-founder of cybersecurity startup Symmetry Systems and a partner at the venture capital firm ForgePoint. With Silicon Valley Bank gone and venture capitalists pulling in their reins, Lin expects there will be fewer startups getting money to pursue ideas in the same fields of technology. If that happens, he foresees a winnowing of competition that ill eventually make the biggest tech companies even stronger than they already are. “There’s a real day of reckoning coming in the startup world,” predicted Amit Yoran, CEO of the cybersecurity firm Tenable. That may be true, but entrepreneurs like Lee and Kalb already feel like they had been through an emotional wringer after spending the weekend worrying that all their hard work would go down a drain if they couldn’t get their money out of Silicon Valley Bank. “It was like being stuck inside a Doomsday loop,” Lee said. Even as he focuses on growing Shelf Engine’s business of helping grocers managing their food orders, he vowed not to forget “a very hard lesson.” “I obviously now know banks aren’t as safe as I used to think they were,” he said. ___ Associated Press writers Ilan Ben Zion in Jerusalem; Ami Bentov in Tel Aviv; Kelvin Chan in London; Jennifer McDermott in Providence, Rhode Island; Frank Bajak in Boston and Cathy Bussewitz and Cora Lewis in New York contributed to this story. For more updates check below links and stay updated with News AKMI .

Shelf Engine Frequently Asked Questions (FAQ)

  • When was Shelf Engine founded?

    Shelf Engine was founded in 2015.

  • Where is Shelf Engine's headquarters?

    Shelf Engine's headquarters is located at 1100 2nd Avenue, Seattle.

  • What is Shelf Engine's latest funding round?

    Shelf Engine's latest funding round is Series B.

  • How much did Shelf Engine raise?

    Shelf Engine raised a total of $58.22M.

  • Who are the investors of Shelf Engine?

    Investors of Shelf Engine include Initialized Capital, Foundation Capital, GGV Capital, Correlation Ventures, Founders' Co-op and 13 more.

  • Who are Shelf Engine's competitors?

    Competitors of Shelf Engine include Aravita and 8 more.

  • What products does Shelf Engine offer?

    Shelf Engine's products include Shelf Engine.

  • Who are Shelf Engine's customers?

    Customers of Shelf Engine include Harding's Markets.

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Trusted by the world's smartest companies to:
  • Predict emerging trends
  • See competitors' playbooks
  • Stalk the smart money
  • Identify tomorrow's challengers
  • Spot growing industries
  • Kill analyst data work
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Compare Shelf Engine to Competitors

Afresh Logo

Afresh develops artificial intelligence (AI) powered solutions to optimize critical functions in fresh food, including ordering, inventory, merchandising, and operations. It reduces food waste, improves its partners' profitability, and makes fresher, healthier food more accessible to all. The company was founded in 2017 and is based in Oakland, California.


RELEX provides an integrated retail and supply chain planning system. The company offers a platform for demand planning, merchandising, supply chain, retail operations and more. It serves retail enterprises globally. The company was formally known as RELEX Solutions. It was founded in 2005 and is based in Helsinki.


Aravita provides various solutions for food loss and waste. It helps optimize fresh food purchase orders, as well as aid in the reduction of overstocking, food waste, and unnecessary costs. The company was founded in 2022 and is based in Sao Paulo, Brazil.

Fountain9 Logo

Fountain9 offers predictive inventory planning and optimization software for e-commerce, DTC, and retail companies.

Applied Data Corporation

Applied Data Corporation (ADC) is a provider of Fresh Item Management (FIM), recipe management and scales management software to the grocery retail and food service industries.

TotalCtrl Logo

TotalCtrl operates as a food waste prevention software company. It develops a solution that reduces food waste throughout the value chain, from farmer to consumer. The company was founded in 2017 and is based in Oslo, Norway.

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