Bold Metrics, a San Francisco CA-based AI-first SaaS solution allowing companies to surface body data, announced that it raised $8 million in Series A funding, bringing the company’s total funding to $12.3 million.
The round was led by Bessemer Venture Partners, with participation from Lytical Ventures, ValueStream Ventures, and Nanban Ventures.
Bold Metrics plans to use its new funds to scale growth, hire new talent and invest in research and development to further meet its clients’ evolving needs.
Company: Bold Metrics, Inc.
Raised: $8.0M
Round: Series A
Funding Month: May 2022
Lead Investors: Bessemer Venture Partners
Additional Investors: Lytical Ventures, ValueStream Ventures, and Nanban Ventures
Company Website: https://www.boldmetrics.com/
Software Category: AI-first SaaS solution
About the Company: Led by Daina Burnes, CEO, Bold Metrics provides apparel brands and retailers with AI Body Modeling technology to unlock body data enabling data-led product design. Bold Metrics is a SaaS solution for retailers and brands to reduce returns, improve sustainability and supercharge their supply chain from the ground up. Using a comprehensive set of machine learning and AI technologies to accurately predict customer body measurements, we help apparel brands unlock the power of body data to meet the demands of today's increasingly personalized world. Bold Metrics technology empowers your brand through actionable insights that reduce returns, increases conversions, and improves sustainability at scale.
Source: https://www.finsmes.com/2022/05/bold-metrics-raises-8m-in-series-a-funding.html
https://www.builtinsf.com/2022/05/26/bold-metrics-raises-8m-reduce-clothing-returns-ai