SnoFox, a NYC-based business intelligence tool that provides data analytics for the global cold chain, raised $4.5M in Seed funding.
The round, which brought total funding to date to $5.7M, was led by Voyager Ventures, with participation from Pale Blue Dot, Ponderosa Ventures, and Mudcake.
The company intends to use the funds to reach new customers in more markets across the US, as well as hire new talent.
Founded in 2020 by Ben Rubin, CEO, SnoFox is a business intelligence tool for the cold supply chain. The software platform leverages existing refrigeration data, proprietary algorithms, and remote technology to extract insights that enhance cold storage warehouse efficiency and reduce energy usage without the need for any additional hardware. According to a written note, over 1 million square feet of industrial cold storage warehouse space across seven states use SnoFox to improve operational efficiency, eliminate waste and reduce energy usage to create a sustainable cold chain. The company plans to soon have 10 facilities across 7 U.S. states using its technology for advanced machine learning and business intelligence in their warehouses.
SnoFox Raises $4.5M in Seed Funding. Best wishes to everyone in the group. This will be a huge accomplishment for them in the future.Shishir Gupta, The Founder & CEO of StartupLanes
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