Flieber, a New York, US-based Inventory optimization startup, raised $12 million in Series A financing to continue developing its inventory optimization platform that uses analytics and machine learning to give multi-channel brands a leg up
The new funding will go toward accelerating that growth, improving the company’s data, hiring more data scientists and engineers, and expanding its APIs.
The investment was co-led by GGV Capital and Monashees to bring the company’s total funding to $20 million since CEO Fabricio Miranda co-founded Flieber in 2019 with CTO Jair Vercosa.
Company: Flieber, Inc.
Raised: $12.0M
Round: Series A
Funding Month: September 2021
Lead Investors: GGV Capital and Monashees
Additional Investors:
Company Website: https://flieber.com/
Software Category: Inventory optimization
About the Company: Flieber is a technology company focused on helping multi-channel online retailers optimize their inventory and efficiently operate their supply chains. Our system uses advanced data analytics and machine learning to connect in real-time sales forecasts, inventory availability, and supply-chain decisions. The result is a drastic reduction in the stock-outs that hurt sales and overstocks that hurt margins and capital allocation. Flieber’s mission to democratize that part of retail is a much-needed step for the future of the retail industry. Since its launch, Flieber now has clients selling in 15 countries and more than 400,000 products running on its platform. It has processed more than 20 million sales orders, and its system currently makes over 500,000 calculations daily.
Source: https://techcrunch.com/2021/09/22/inventory-optimization-startup-flieber-bags-12m-aims-to-help-retailers-avoid-out-of-stock-overstock-moments/