Syrup Tech Raises $6.3M in Funding
Summary
Syrup Tech, a New York-based provider of an AI-powered predictive software platform to improve for inventory management in commerce, raised $6.3M in funding. The company intends to use the funds to service new and existing demand from its customers, as well as develop new modules and features. Led by CEO James Theuerkauf, Syrup Tech provides an AI-powered predictive software platform that allows merchandisers and planners at omni-channel brands and retailers to make data-driven inventory decisions. The proprietary technology plugs into internal systems to analyze internal data (e.g. transactions, e-comm, marketing, inventory data), that is enhanced with external sources (e.g. social media trends, weather). Syrup’s recommendations are powered both by advanced forecasting and stochastic optimization models.
Funding
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