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PreWarp
AI-driven merchandising decisions
- 1-20 employees
- Retail
- B2B
- Artificial Intelligence
- Big data
- Business Intelligence
- SaaS
- London, UK
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Company mission
PreWarp's mission is to enable faster, more informed merchandising decisions to help global brands exceed their goals.
Our take
The global fashion industry loses $1 trillion annually from poor demand forecasting. This is particularly concerning as fashion sucks up more energy than both aviation and shipping combined, accounting for around 10% of greenhouse gas emissions. PreWarp is setting out to tackle this problem, building the tools needed to enable brands to produce exact demand, maximising their revenue while doing so.
PreWarp applies the latest optimisation and machine learning to deliver actionable recommendations which have been shown to improve demand forecasting accuracy by more than 50%.
It is an early-stage startup but has already processed £3 billion worth of sales information from more than 30,000 products and with a further dozen customers in the pipeline.
Moving forward, it is focusing on expanding its team. By solving such a widespread problem, PreWarp has great potential to help shape the future of fashion.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- £1,200 annual learning budget
- £1,000 holiday cash
- Wednesday afternoons off to focus on hobbies
- 25 days holiday (excl. bank holidays)
- Remote opportunities
- Free medical insurance, including therapy
Company values
- Openness
- Compound improvement
- Results over process
Funding (1 round)
Dec 2022
$0.4m
GRANT
Total funding: $0.4m
This company has top investors
Leadership
Tom Barber
(CEO)Founder of Svelte. Previous General Manager EMEA at MakerSights.
Tom Walker
(CTO)Spent a decade optimising race-winning Formula One race cars at Ferrari before working as a Data Scientist at ClearScore.