Syrup Tech (Accelerator)

Funding Details
Awarder
PlugAndPlayTechCenter
Date Award
May 15, 2024
Funding URL
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Company Info
Company Description
🌍 In a world with deep supply chain disruptions, true omni-channel networks, and sustainability-minded consumers, there is a need for next-generation inventory systems. 🍯 That’s why we’ve built Syrup, an AI-powered predictive software for inventory decisions in commerce. By leveraging more data in real-time, we empower merchandising and planning teams with allocation, ordering, and planning recommendations. 🚀 Our eventual hope is for commerce to no longer be a wasteful industry, as our intelligent platform empowers inventory excellence at every step in the value chain. 👔 We're VC-backed by Google's AI fund (Gradient Ventures), as well as former executives from Adidas, Zalando, ASOS, Reebok, Bonobos, Salesforce, ThredUp, and Stripe. We're working with fast-growing brands such as Faherty, Reformation, and Desigual.  Concretely: For omni-channel brands and retailers who use Excel or legacy software to manage their inventory, Syrup Tech provides predictive software powered by AI to empower better and more sustainable inventory decisions. Our software is being used by fast-growing brands (incl. Reformation, Faherty, Desigual) who are seeing dramatic reductions in manual work (-90%), significant P&L results (+6.8% full-price sell-thru, -75% stock-outs).

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