Startup Raises $17.5 Million to Bring AI to Holiday Shopping Logistics
Upstart Syrup has raised $17.5 million in funding from investors including Accel and Google’s AI fund.
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Syrup Tech Inc., a startup that makes artificial intelligence tools to help fashion retailers plan and manage their inventory, has raised $17.5 million in a funding round led by Accel.
The company’s software aims to use AI to reduce retail industry waste, a problem likely to be especially severe this holiday season after consumers’ record-breaking Cyber Monday shopping spree.