The round was led by Gradient Ventures, Google's AI-focused venture fund. The round also included Flybridge Capital, Firstminute Capital, Rackhouse Ventures, as well as Angel investors incl. (former) executives at Adidas, Bonobos, Salesforce, ASOS, ThredUp, Casper, Zalando, and Stripe. 1984 Ventures, who led the company's pre-seed round last year, continued investing in this round.

Syrup Tech is an AI-powered predictive software venture for inventory excellence in commerce. Syrup's mission is to pave the way for a world where commerce is no longer a wasteful industry. The company's decision-support engine is empowering merchandisers and planners at omni-channel brands and retailers to make data-driven inventory decisions. Syrup was founded in 2020 and is based in New York.