Syrup Tech, a New York-based AI-powered predictive software platform for inventory excellence in commerce, raised $6.3 million in Seed funding.
The round was led by Gradient Ventures, Google's AI-focused venture fund, with participation from Flybridge Capital, Firstminute Capital, Rackhouse Ventures, and Angel investors (including former) executives at Adidas, Bonobos, Salesforce, ASOS, ThredUp, Casper, Zalando, and Stripe.
1984 Ventures, who led the company's pre-seed round last year, continued investing in this round.
The funding will be used to service new and existing demand from Syrup's fast-growing list of customers and develop new modules and features.
Company: Syrup Tech Inc.
Round: Seed Round
Funding Month: July 2022
Lead Investors: Gradient Ventures
Additional Investors: Flybridge Capital, Firstminute Capital, Rackhouse Ventures, and 1984
Company Website: https://syrup.tech/
Software Category: AI-powered predictive software
About the Company: Syrup Tech is an AI-powered predictive software venture for inventory excellence in commerce. As omni-channel brands and retailers look to migrate from excel-based planning and poor legacy systems, Syrup provides an intuitive, AI-based system that generates recommendations for merchandisers and planners, empowering them with data-driven decision support. Syrup's mission is to pave the way for a world where commerce is no longer a wasteful industry. The company's decision-support engine is empowering merchandisers and planners at omni-channel brands and retailers to make data-driven inventory decisions. Syrup Tech was founded in 2020 and is based in New York.