Syrup

AI solutions for apparel demand forecasting

New York City, New York, United States

About Syrup

Syrup.Tech provides AI-powered solutions specifically designed for the apparel and footwear industry, focusing on demand forecasting and optimization. Their platform analyzes demand signals to offer intelligent recommendations that help brands improve their planning, allocation, and purchasing processes. This approach enables clients to enhance their profit margins and stimulate growth. Syrup.Tech operates on a software-as-a-service (SaaS) model, generating revenue through subscription fees. What sets Syrup.Tech apart from its competitors is its specialized focus on the apparel and footwear sectors, allowing for tailored solutions that address the unique challenges faced by these industries. The company's goal is to empower brands to make data-driven decisions that lead to increased efficiency and profitability.

New York City, New YorkHeadquarters
2020Year Founded
$24.1MTotal Funding
SERIES_ACompany Stage
Enterprise Software, AI & Machine Learning, Consumer GoodsIndustries
51-200Employees

Benefits

Remote Work Options
Equity Compensation
Health Insurance
Unlimited Paid Time Off

Risks

Competition from Flieber and SupChains may impact Syrup Tech's market share.
Continuous AI advancements require costly updates to maintain competitive advantage.
Economic downturns could reduce spending on SaaS solutions like Syrup Tech's.

Differentiation

Syrup Tech uses AI for precise demand forecasting in apparel and footwear.
Their SaaS platform integrates real-time, historical, and transactional data for optimization.
Syrup Tech's granular forecasts improve inventory sell-through and reduce overproduction.

Upsides

Syrup Tech raised $17.5M in Series A funding led by Accel Partners.
The VN1 Forecasting Challenge fosters innovation in AI-driven supply chain forecasting.
Increased AI adoption in inventory management reduces stockouts and overproduction.

Funding

Total raised$24.12 M
Latest valuation$87.50 M
StageSERIES_A