The Rounds, a NYC-based inventory management platform for recurring grocery and household essentials, has raised $24 million in Series B funding. The round was led by Moderne Ventures, with participation from FJ Labs and existing investors.

The funding will be used to scale The Rounds’ AI-powered service, focusing on profitable growth in current markets, expanding its team in machine learning and data science, and launching in new markets.

Founded in 2019, The Rounds offers an AI-driven platform that automates the delivery and replenishment of household essentials in reusable packaging. The service currently operates in Philadelphia, Washington D.C., and Atlanta.