GrubMarket has raised $50 million in its Series G funding round, achieving a valuation surpassing $3.5 billion. The investment will enhance its AI capabilities aimed at optimizing food distribution, a market valued at $1 trillion. Major investors include Liberty Street Funds and Pinegrove Capital Partners, reflecting strong confidence in GrubMarket's growth trajectory. The company reported projected revenues of $2.4 billion for the current year, driven by strategic acquisitions and a tech-first approach. CEO Mike Xu emphasizes AI's role in transforming data management within the industry.