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Syrup Secures $17.5M To Help Retailers Accurately Predict And Meet Consumer Demand With Ai

Dec 01, 2023over 1 year ago

Amount Raised

$17.5 Million

New YorkSoftware

Investors

1984 VenturesGradient VenturesAccel Partners

Description

Syrup, which provides AI-powered planning, buying, and inventory optimization for omnichannel commerce, announced today its Series A fundraise. The $17.5M round is led by Accel Partners with participation from existing investors Gradient Ventures and 1984 Ventures.

Company Information

Company

Syrup Tech

Location

447 BROADWAY

New York, United States

About

Syrup's AI-powered platform simplifies inventory buying, allocation, replenishment, and rebalancing to improve revenue and operational efficiency. Brands like Faherty, Desigual, and Reformation use our platform to optimize inventory.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech