A.P. Moller Maersk, the world’s largest transporter of food, has invested in software solutions provider Spoiler Alert.
The Boston-based technology company, which provides value-added services to help food businesses manage unsold inventory, will use the additional funding from Maersk to accelerate product development and expand its Engineering, Customer, and Sales teams.
Operators of distribution and fulfilment centres across the food manufacturing, wholesale distribution, grocery retail, and e-commerce industries leverage Spoiler Alert’s technology suite to garner item-level insights into surplus and distressed inventory.
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According to a statement, Spoiler Alert has expanded its operations in the last two years across the US, working with companies such as Sysco and HelloFresh.
Emily Malina, Spoiler Alert’s Chief Product Officer, commented: “Historically, our core software suite has provided food companies with the ability to track and manage unsold products across donation and recycling outlets.
“Our new capabilities are increasingly predictive and preventative in nature, allowing customers to anticipate shrink before it happens and providing them with dynamic tools that strategically introduce discounted sales channels into their portfolio of value recovery options.”
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In addition to Maersk’s investment, Peter Jorgensen, Venture Partner at Maersk Growth, has joined Spoiler Alert’s board.
Jorgensen said: “Maersk is thrilled to be backing Spoiler Alert in this next phase of growth.
“We are extremely bullish on their ability to distil insights from companies’ inventory and waste data and introduce real-time decision-making capabilities for their customers.”
Ricky Ashenfelter, Spoiler Alert CEO, added: “Maersk offers unparalleled logistics expertise, as well as access to thousands of food brands that leverage its transportation and supply chain services to move perishable product around the world.”
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