Winnow buys Singapore's Lumitics to expand across Asia-Pacific
What's the deal? Winnow, a London-based AI food waste measurement company, said on July 16 that it had acquired Singapore-founded LumiticsDealroom has a profile for this one. Try Dealroom →. The move is aimed at expanding across Asia-Pacific and the Middle East. Financial terms were not disclosed.
What do they do? Both firms use computer vision and machine learning to help commercial kitchens track and cut food waste. Winnow's platform operates in almost 100 countries and says it helps kitchens save more than $100 million a year on food costs.
Who is Lumitics? Founded in 2017, the startup operates in more than 20 countries across Asia-Pacific and the Middle East. Its customers include Accor, Hyatt, Marriott, and Four Seasons.
What changes for customers? Lumitics customers will keep access to their existing data during a phased transition to Winnow's platform and hardware over the following months.
Why now? Singapore has mandated waste segregation for large commercial and industrial food waste generators, a rule that could push adoption of tracking tools. Winnow raised $10 million in series C funding in 2023.
The signal: The deal consolidates two of the sector's specialists under one platform, giving Winnow a foothold in fast-growing markets where regulation is starting to make food waste measurement a business requirement rather than an option.
Read more: Tech in Asia
