Out Of the Ashes, VNYX Rises
Summary
VNYX is building AI and robotics software to automate the resale preparation of used clothing. The startup says its system can cut a process that usually takes around 20 minutes per garment down to about one minute, with current prototypes already handling far more volume than manual workflows. The company raised 1.3 million euros last year and is now pushing toward a VNYX100 system that could process 100,000 garments a year. It is also targeting logistics companies that want to make circular fashion operations more profitable. New EU rules banning destruction of unsold clothes and shoes could increase demand for this kind of automation.
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SaaS
Retail Technology
E-commerce Software
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VNYX
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