*By Amanda Weston* The CEO of the Silicon Valley company suing Walmart for $2 billion for allegedly stealing its fresh-food technology said he's standing up for his team's creation and his investors. Zest Labs chief Peter Mehring said the retail behemoth's Eden system is eerily similar to his firm's Zest Fresh technology. "We have to stand up for the intellectual property we've created and the value that our investors invested in and our customers paid for," Mehring said in an interview Friday with Cheddar. Zest Labs announced its lawsuit Wednesday after years of working with Walmart on a way to monitor fresh produce and optimize shipping to avoid waste. The companies began collaborating in 2015, but Walmart [reportedly lost interest](https://www.reuters.com/article/us-walmart-zestlabs-lawsuit/lawsuit-claims-walmart-stole-technology-to-keep-produce-fresh-idUSKBN1KM6D7) last November. In March 2018, [Walmart said](https://blog.walmart.com/innovation/20180301/eden-the-tech-thats-bringing-fresher-groceries-to-you) its own associates created the original Eden system in just six months. The system serves as a "digital library of food standards," and created a "freshness algorithm that prioritizes the flow of perishable goods worldwide." Zest Labs and its parent company, Ecoark Holdings, Inc., accuse Walmart of violating trade secret laws, breach of contract, and fraud. "We taught them a lot during the three years that we worked with them, and a lot of the approach is new," said Mehring. "We take a proactive approach to avoiding food waste in the supply chain that's really a breakthrough for the industry, and no one else has come through with this, and then to see someone suddenly announce that they're doing something similar, after having worked with us for three years is what concerned us, and what really led to this claim that we filed." Randy Hargrove, a Walmart spokesman, told [Reuters](https://www.reuters.com/article/us-walmart-zestlabs-lawsuit/lawsuit-claims-walmart-stole-technology-to-keep-produce-fresh-idUSKBN1KM6D7), “we respect the intellectual property rights of others" and said the company will respond to the allegations in the lawsuit in court. Mehring said he has not heard from Walmart. "We want to kind of move the industry," said Mehring. "Whatever moves that forward the fastest is really our goal. If settlement requires that, that's an open opportunity." For more on this story, [click here](https://cheddar.com/videos/fresh-food-company-sues-walmart).

Share:
More In Culture
RapidAPI Raises $150 Million to Empower Developers to Innovate and Build Software Faster with APIs
API platform RapidAPI recently became a unicorn with a $1 billion valuation after raising $150 million in a Series D funding round led by Softbank Vision Two Fund. Microsoft's Venture Fund, M12, and Andreessen Horowitz also participated. RapidAPI says it provides the world's largest API hub which enables millions of developers and companies to build software faster. Iddo Gino, founder and CEO of RapidAPI, joins Cheddar News' Closing Bell to discuss.
Want to Get in on Long Distance Dating? Bumble's Shan Boodram Has Tips
In a recent Bumble survey, more than a third of respondents revealed that they would be willing to date people in other cities. Shan Boodram, a sex and relationships expert for the app, joined Cheddar News to talk about the long-distance dating trend and tips on how to go about taking part. "I think this is the magic of what we experienced over the past couple of years, is that we have already learned the tools necessary to stay connected with people despite not being able to be close to them," she noted. Boodram also pointed to Bumble's travel mode and using video conferencing in order to ease into such relationships.
Siponey Reimagines the Canned Cocktail Space
Amanda Victoria, co-founder and CEO of Siponey, joins Cheddar News to talk about the company's canned cocktails. The spritz is made with only four ingredients — wildflower honey, aged rye whiskey, sparkling water, and fresh lemon juice.
A New Plant-Based Way to Quit Smoking
John Bencich, CEO of Achieve Life Sciences, joins Cheddar Innovates to discuss a new plant-based compound that's being used to fight nicotine addiction.
Plant-Based Way to Quit Smoking; Innovation in Stroke Therapy
On this episode of Cheddar Innovates: CEO of Achieve Life Sciences discusses a new plant-based compound that's being used to fight nicotine addiction; President & CEO OF DiaMedica Therapeutics explains a new ischemic stroke treatment option that expands the window for effective therapy for stroke patients; Cheddar gets a look at Curiosity Stream's 'Asteroid Rush.'
Load More