Hivery bags new money to automatically optimize product placement on store shelves
https://techcrunch.com/2022/07/14/hivery-bags-new-money-to-automatically-optimize-product-placement-on-store-shelves/
Hivery, a startup that bills itself as an “optimization platform” for retailers, today announced that it raised $30 million in a Series B round led by Tiger Global, the embattled private equity firm, with participation from Blackbird Ventures, AS1 Growth Partners and OneVentures. CEO Jason Hosking told TechCrunch via email that the proceeds will fuel the growth of products designed to help brick-and-mortar businesses make decisions about physical space and product displays.
The pandemic and its effects on retail, including strained supply chains and product shortages, have thrown a spotlight on the challenges that the industry faces. For example, according to a recent survey by Retail Insights, seven out of 10 consumers believe that stockouts — events that cause inventory to be exhausted — are worse today than they were during peak pandemic-induced panic buying.