Metreecs, a French-American startup focused on enhancing retail supply chains through AI, has secured $2.7 million in funding to scale its innovative inventory management solutions.

Information on the Target

Metreecs is an innovative startup co-founded by Thibaut Pellegrin, Elie Dufeu, and Martin Dimitrov, blending French and American expertise in artificial intelligence and retail. The company utilizes AI technology to enhance the efficiency and sustainability of retail supply chains, addressing the significant financial impact that poor demand forecasting has on global retailers.

With a current investment of $2.7 million during its Seed round, Metreecs has earned trust from over 15 brands across France, Italy, and the US, enhancing operations for fashion and lifestyle retailers. The company automation of inventory management and forecasting leverages both internal and external data for precise decision-making.

Industry Overview in the Target’s Specific Country

The retail industry in France is encountering a transformative phase with the increasing integration of technology into core operations. Retailers are facing significant challenges such as supply chain inefficiencies, excess inventory, and