Hungryroot's AI-Powered Personalized Grocery Service Reaches $750M Valuation

Artificial intelligence (AI) is becoming a greater part of multiple industries, including groceries. From product placement on store shelves to pricing adjustments, AI is affecting grocery stores and services across the world. Investments in AI are also increasing as more companies look to technology to remain competitive, and more consumers continue to shop online. Now, Hungryroot, an AI-enabled grocery service, has announced its Series C funding round of $40 million. The company has a $750 million valuation and offers a personalized online grocery service that uses AI and user quizzes.