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Venture Capital News: Flagship Receives $5M Seed Round

2023-07-11
NEW YORK, NY, Flagship, a revolutionary retail inventory planning platform, announced today that it has raised $5 million in seed funding.
The round was led by global software investor Insight Partners. Dream Ventures, Essential Capital, Klemhurst, Future Archives, AUFI Ventures, and the Kleiner Perkins Scout Fund participated in the round along with several strategic angel investors. This investment underscores Flagship's commitment to deliver pioneering, customer-focused, data-driven solutions to the retail sector. Flagship will use the funds to further accelerate their first product - an inventory cloud solution - and grow its customer base.

Flagship is a cutting-edge retail inventory planning platform that leverages advanced 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.
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