What Phood does

Phood (operating as Phood Solutions Inc.) is a New York-based B2B technology company that builds computer vision and analytics software for the food service industry. Its core product, PHOOD X, is a tabletop device paired with a software platform that tracks the flow of food through restaurant and hospitality operations, reports individual product margins, and provides demand-based production volume recommendations. The platform also analyzes product mix, identifies shrink, and detects operational anomalies to support menu optimization, labor efficiency, and ordering decisions. According to company-published figures, the system has analyzed 1.8 billion pounds of food and customers report a 5:1 ROI and a 90% reduction in labor costs after deployment.

The company complements PHOOD X with Phood Lab, a professional services offering through which a team of industry experts and food technologists build bespoke digital solutions for food service operators with specific operational needs. The go-to-market is a direct enterprise field sales motion with a "Book a Demo" CTA and consultative selling supported by case studies such as a testimonial from Chris Dehart, Category Manager. Revenue is generated through subscription-based pricing for the PHOOD X device and software, plus professional services revenue from Phood Lab engagements; pricing is quote-based and not publicly disclosed.

The company has raised approximately $2.27M across five funding rounds from 2018 through 2023, with investors including Techstars, New Stack Ventures, Story Ventures, and Asymmetry Ventures, and has participated in the Techstars and MassChallenge accelerators. Leadership consists of CEO Luc Dang, CTO Naim Busek, and Director of Operations Max Mlinar. The company remains privately held and operates from a single New York headquarters with 1–10 employees, with named customer logos and partner logos displayed on its website but no specific enterprise customer names publicly disclosed beyond the single testimonial.

Name

Phood

Legal name

Phood Solutions Inc.

Website

https://phoodsolutions.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Phood (Phood Solutions Inc.) builds a computer vision and analytics platform for food service operators that tracks waste, reports product margins, and recommends demand-based production volumes to cut labor and food costs. It monetizes via PHOOD X subscriptions and Phood Lab bespoke services.

Ownership category

akta.pro rank

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Phood X Subscription: Subscription-based SaaS model for the Phood X waste tracking device and software platform. Tracks food flow, reports product margins, and provides demand-based production volumes. Pricing not publicly disclosed.
2. Phood Lab Professional Services: Custom digital solution development by industry experts and food technologists to address specific pressing needs of food service operators.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Phood sells PHOOD X, a tabletop computer vision device and analytics platform that tracks food flow, reports individual product margins, and provides demand-based production volumes to reduce waste in food service operations. Phood Lab complements this with bespoke digital solutions built by industry experts and food technologists to address specific operator needs.

Product overview

Phood provides a unified technology platform for the food service industry built around computer vision and data analytics. The core offering is PHOOD X, a waste tracking solution that uses computer vision to monitor food flow and report product margins. Phood Lab complements the core product as an add-on professional services module, providing bespoke digital solutions built by industry experts and food technologists for operators with specific pressing needs. Together, these products help food service partners increase sales, optimize labor, and reduce food costs through data-driven insights.

Differentiator

Problem solved

Functional benefit

Brands

• PHOOD X: Waste Tracking product - tabletop model that tracks the flow of food, reports individual product margins, and provides demand-based production volumes.
• Phood Lab

Products and services

• PHOOD X A tabletop computer-vision waste tracking model that monitors the flow of food through the operation, reports individual product margins, and provides demand-based production volumes to optimize ordering and reduce shrink. Targeted at food service operators such as restaurants, hotels, and catering businesses.
• Phood Lab A professional services offering where a team of industry experts and food technologists build bespoke digital solutions to address the specific pressing needs of food service operators. Functions as a customization and consulting layer alongside the PHOOD X platform.

Quantifiable outcome

• 90% reduction in labor costs after using Phood
• +1 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature3 records

Partnerships

One partnership is on record.

• Unnamed Partner LogosminorOthersThe website displays logos of unnamed partner companies in the food service industry. Specific partner names are not disclosed on the website, making it impossible to identify individual partnerships or their nature.

Scale indicators3 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Toast: Toast is a leading all-in-one restaurant management platform covering POS, payroll, marketing, and increasingly back-of-house analytics. As a broad incumbent in restaurant tech, it is comparable to Phood as a potential integrator or competitor in food cost and operations analytics for the same food service buyer.

Direct peers

• Winnow Solutions: Winnow provides AI-powered food waste tracking using computer vision and connected scales in commercial kitchens. It targets the same enterprise hospitality and food service operators as Phood and competes on the same core workflow of automated waste measurement and analytics.
• Leanpath: Leanpath is a direct competitor providing AI- and camera-based food waste tracking and analytics for food service operators. It is comparable to Phood in target customer (commercial kitchens), core capability (waste measurement and reporting), and value proposition (reducing food costs and labor).
• MarketMan: MarketMan is a cloud-based inventory and supplier management platform for restaurants. It addresses adjacent inventory and food cost challenges for the same food service operator buyer as Phood and competes for the same wallet share around reducing waste and optimizing ordering.
• BlueCart (by Cut+Dry): BlueCart, now part of Cut+Dry, provides online ordering and inventory management tools for restaurants and food suppliers. It targets the same food service operator with food cost and procurement workflows that overlap with Phood's ordering and production optimization use cases.
• Kitro: Kitro is a Swiss-based food waste tracking startup using image recognition to measure plate and kitchen waste. It overlaps directly with Phood on AI/computer vision waste tracking for restaurants and hospitality, though it focuses more on plate waste than back-of-house shrink.

Emerging players

• FoodMaven: FoodMaven was a B2B marketplace for surplus food from restaurants and food service, addressing food waste through redistribution. It is adjacent to Phood as a technology-enabled food waste reducer serving similar food service customers, though via a marketplace rather than analytics.
• Choco: Choco is a digital ordering platform connecting restaurants with food suppliers. It is comparable to Phood as a software vendor modernizing food service procurement and ordering, intersecting on the ordering optimization use case.
• Olio: Olio is a sharing app that connects businesses and consumers to redistribute surplus food. It competes in the broader food waste reduction mission alongside Phood, with overlapping enterprise outreach to food service operators though a different business model.
• Too Good To Go: Too Good To Go is a marketplace app that sells surplus restaurant meals to reduce food waste. It addresses the same end-customer pain point (food waste) as Phood but through a consumer marketplace rather than kitchen-side analytics, making it an emerging adjacent player.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat3 records

Key risks4 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/phood-llc
• Instagraminstagram.com/phood.solutions
• Xx.com/phoodsolutions
• Facebookfacebook.com/phoodsolutions

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds5 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Phood