Flagship, a New York-based provider of a retail inventory planning platform, raised $5M in Seed funding.
The round was led by Insight Partners with participation from Dream Ventures, Essential Capital, Klemhurst, Future Archives, AUFI Ventures, Kleiner Perkins Scout Fund and angel investors.
The company intends to use the funds to further accelerate their first product – an inventory cloud solution – and grow its customer base.
Led by CEO Justin Abrams, Flagship is a provider of a retail inventory planning platform that leverages AI and machine learning models to provide predictive analytics for inventory decisions. By integrating multiple data streams and applying proprietary algorithms, Flagship helps brands and retailers optimize their inventory assortment, minimizing overstock and reducing lost sales due to understock.
Early customers include Athletic Propulsion Labs (APL), State & Liberty, Cariuma, Ministry of Supply, Public Rec, and more.
FinSMEs
11/07/2023