Genetica develops AI-driven retail solutions for the cannabis market, including its Flora Match product for retailers and brands and Flora OS, currently in beta. The company reports rapid adoption with over 300 clients globally and 280% month-over-month growth. Genetica is on pace to deploy its software to north of 2,500 locations by the end of 2024. The team plans to use the recent funding to expand in U.S. and European markets and to grow headcount over the next quarter. Its product suite focuses on improving consumer education, increasing basket sizes, and delivering deep consumer insights for brands. Genetica is an AI-powered cannabis retail platform founded in 2020 and based in San Francesco, CA, led by CEO Ben York. Its core product is Flora AI, which analyzes over 650 million data points to deliver precise product recommendations. The flagship offering, Flora Match, personalizes recommendations using in-store inventory, customers’ dietary habits, activity levels, age, medical conditions, and desired effects, complementing store employees and enabling upselling. The product suite is set to expand later this year with Flora OS, an all-in-one operating system using AI to optimize retail operations. The company intends to use the $500K seed funds to expand into more dispensaries nationwide and into other retailers such as grocery stores and pharmacies. It is on pace to launch its software into more than 350 U.S. locations and dozens of retail and pharmacy entities over the next quarter.

Total raised

$3M

Funding rounds

2

Latest round

Equity

Latest activity

Nov 2023