News Summary

• Burnt has raised $3.8 million in seed funding led by Penny Jar Capital, the venture firm backed by NBA star Steph Curry.
• The company automates back-office supply chain tasks with AI.
• It claims it can handle up to 80% of workflows that are currently stuck in legacy systems.
• Since launching in January, the startup has processed more than $10 million in monthly orders across seafood, specialty goods, and packaged food distributors.
• One of the U.K.’s largest food conglomerates, with billions in revenue, is currently implementing Burnt's system.