Bean is a technology company.
Bean has raised $2.0M across 2 funding rounds.
Bean has raised $2.0M in total across 2 funding rounds.
John Bean Technologies Corporation (JBT) is a global technology solutions provider specializing in advanced systems for the food processing and air transportation industries through its JBT FoodTech and JBT AeroTech segments.[1] It designs, manufactures, tests, and services sophisticated equipment, holding strong market positions such as sterilizing ~50% of the world’s canned foods, freezing ~50% of commercially frozen foods, extracting ~75% of global citrus juices, loading ~70% of overnight express packages, and boarding 75% of U.S. airline passengers.[1] With ~$1 billion in annual revenue, 50% of sales outside the U.S., over 3,100 employees (40% international), and operations in over 30 countries, JBT demonstrates robust growth momentum driven by continuous R&D investments to enhance customer efficiencies and reduce costs amid evolving industry trends.[1]
JBT traces its roots to John Bean, an inventor in California’s Santa Clara Valley who addressed a severe scale infestation in orchards by inventing a continuous high-pressure spray pump for efficient insecticide application.[1] This led to the formation of the Bean Spray Pump Company, which evolved into the Food Machinery Corporation due to its innovative spirit, eventually becoming the modern JBT Corporation.[1] Today, it honors this legacy by maintaining technology leadership in food and aero sectors, with a global footprint delivering equipment to over 100 countries.[1]
JBT rides trends in automation, sustainability, and efficiency within food processing and aviation, where rising global demand for safe, processed foods and optimized air cargo/passenger handling amplifies needs for advanced tech.[1] Timing aligns with post-pandemic supply chain pressures and food security challenges, favoring JBT's high-market-share systems that reduce waste and improve throughput.[1] It influences the ecosystem by enabling ~50-75% of critical global volumes in food and logistics, fostering innovation partnerships that set standards for reliability and scalability in industrial tech.[1]
JBT is poised for sustained growth through R&D in efficiency tech, expanding its leadership in food and aero amid trends like sustainable processing and autonomous logistics.[1] Evolving influences may include deeper AI/integration for predictive maintenance and greener operations, potentially boosting margins as global trade rebounds. This builds on John Bean's inventive legacy, positioning JBT as a cornerstone for efficient, tech-driven food and travel worldwide.[1]
Bean has raised $2.0M in total across 2 funding rounds.
Bean's investors include Matchstick Ventures, Canvas Ventures, Mountain Group Partners, Techstars, Michael Stoppelman.
Bean has raised $2.0M across 2 funding rounds. Most recently, it raised $2.0M Seed in July 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2022 | $2.0M Seed | Matchstick Ventures | |
| Mar 1, 2022 | $20K Seed | Canvas Ventures, Mountain Group Partners, Techstars, Michael Stoppelman |