Bold Metrics Inc. is a venture-backed enterprise in the United States that has been making waves since its establishment in 2017. The company prides itself on using cutting-edge AI technology to solve a pressing issue in the apparel industry - the mismatch between customer body measurements and garment specifications. Through its suite of AI technologies, Bold Metrics enables brands to accurately predict customer body measurements and align them with garment specifications, reducing the high rate of returns and enhancing the overall customer experience.
By leveraging advanced machine learning algorithms, Bold Metrics Inc. is disrupting the traditional sizing solutions used by retailers and brands. This not only helps in reducing returns but also leads to increased conversions and a more customer-driven downstream experience. With a recent $8.00M Series A investment as of 26th May 2022 from Bessemer Venture Partners, Lytical Ventures, and ValueStream Ventures, the company is well-funded and has solid financial backing to continue its pursuit of revolutionizing the apparel industry.
As the company collaborates with some of the world's largest brands, retailers, and clothing manufacturers across the U.S., Europe, and Asia, its slogan "Using advanced AI sizing technology to help some of the world's biggest apparel brands unlock the power of body data" reflects its commitment to leveraging technology for a transformative impact on the apparel industry.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series A | $8.00M | 3 | 26 May 2022 | |
Venture Round | $1.02M | 1 | 28 Mar 2019 | |
Seed Round | $2.50M | 10 | Iain Taylor, Dave Panos +3 | 31 Aug 2017 |
Pre Seed Round | $814.55K | 3 | Mark Cuban | 31 Jan 2017 |
Seed Round | $300.00K | 1 | 05 Apr 2016 |
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