The Rounds, a NYC-based provider of an AI-powered inventory management platform for grocery deliveries, has secured $24M in Series B funding.

The financing round was led by Moderne Ventures, with participation from FJ Labs and existing investors.

The capital will be used to enhance the company's AI-driven service, expand its team in areas like machine learning and data science, and enter new markets.

Founded in 2019 and operated by CEO Alex Torrey, The Rounds delivers recurring grocery and household essentials in reusable packaging, serving Philadelphia, Washington D.C., and Atlanta.