Hivery
Latest round
- Series B
Last raised
- Jun 2022
Total raised
- $30M
Investors
- 5
About Hivery
Founded in 2015 in Sydney, Australia, Red Analytics Pty Ltd focuses on retail optimization through advanced technology solutions. The company was co-founded by Franki Chamaki, Jason Hosking, Matthew Robards, and Menkes van den Briel, with Jason Hosking currently serving as CEO.HIVERY specializes in advanced retail optimization solutions, primarily through its flagship product, HIVERY Curate. This AI-driven platform employs sophisticated machine learning algorithms and applied mathematical models to create hyper-local assortment strategies tailored to specific merchandise constraints. By simulating various assortment strategies, HIVERY Curate enables retailers and Consumer Packaged Goods (CPG) brands to predict the impact of their decisions at the store level within minutes. The platform serves a diverse clientele, including CPG brands aiming to enhance their product assortments and retailers focused on maximizing sales and consumer satisfaction.HIVERY generates revenue through a subscription-based model that allows clients to access its suite of AI-driven tools and resources. Customers, including retailers and CPG brands, typically engage in annual contracts that grant them access to HIVERY Curate and related services, facilitating ongoing optimization of their assortment strategies. This business model ensures a steady revenue stream while providing clients with continuous support as their needs evolve. Additionally, the company may engage in partnerships with larger retail chains to develop customized solutions, further enhancing their market presence.In November 2024, Hivery filed for bankruptcy protection, which may affect future growth strategies.
Who invested in Hivery
5 investors across 1 round
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Funding rounds
Series B
Jun 6, 2022
Amount
$30M
Investors
Questions about Hivery
Who invested in Hivery?
Hivery has 5 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Hivery raised?
Hivery has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Hivery last raise money?
Hivery's most recent round on record is a Series B, in Jun 2022.
What does Hivery do?
Founded in 2015 in Sydney, Australia, Red Analytics Pty Ltd focuses on retail optimization through advanced technology solutions.
Where is Hivery headquartered?
Hivery is headquartered in Sydney, Australia.
Which VCs invest in companies like Hivery?
Among active investors with capital left to deploy, Blackbird, AirTree Ventures, Square Peg and Movac back software companies at Hivery's stage. Their profiles are linked below.
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