Syrup Tech

Syrup Tech is a technology company based in New York, founded in 2020. It specializes in developing machine learning models that help businesses predict demand and optimize inventory. The company offers an AI-powered inventory planning and optimization software that integrates various data sources to provide detailed forecasts at the item, size, and color level. This helps businesses improve in-stock rates and reduce waste by ensuring products are available where they are most likely to be purchased. Co-founded by Harvard Business School alumni James Theuerkauf and Ferdinand Stockmann, Syrup Tech has raised 23.8 million in funding, with a notable 17.5 million secured in December 2023. The company is focused on expanding its team and enhancing its machine learning capabilities. Syrup Tech operates in key markets such as SaaS, enterprise software, and big data, positioning itself as a leader in retail technology, particularly in inventory management and demand forecasting.