Founded Year

2015

Stage

Series B | Alive

Total Raised

$34.75M

Last Raised

$30M | 1 mo ago

Mosaic Score

+210 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About HIVERY

HIVERY is an AI company focused on retail ROI through AI-backed product recommendations, price learning, space rationalization, and effective promotions. HIVERY was founded in 2015 and is based in Sydney, Australia.

HIVERY Headquarter Location

6th Floor 11 York St.

Sydney, New South Wales, 2000,

Australia

HIVERY's Product Videos

ESPs containing HIVERY

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Transportation & Logistics / Supply Chain Tech

Companies here offer tech solutions that drive improvements in the inventory planning processing, across forecasting, merchandise, and demand planning to ones that offer a full suite of solutions. All of these companies specialize in DTC or e-commerce inventory analytics.

HIVERY named as Challenger among 7 other companies, including RELEX, ConverSight.ai, and linnworks.

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HIVERY's Products & Differentiation

See HIVERY's products and how their products differentiate from alternatives and competitors

  • HIVERY Curate

    HIVERY Curate is the world's first assortment strategy simulation & optimization solution. It is prescriptive and conversational in nature, requiring little domain expertise to use, augmenting users' ability by navigating the category reset cycles rapidly. In minutes not months. Note: This is primary focus for HIVERY.

    Differentiation

    We leverage and analyses store-level data (ie bottom-up) approach to train our algorithm. HIVERY Curate's proprietary algorithms have been developed and acquired from Australia's national science ag… 

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    Differentiation

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    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

Research containing HIVERY

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned HIVERY in 1 CB Insights research brief, most recently on Jul 20, 2022.

Expert Collections containing HIVERY

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

HIVERY is included in 5 Expert Collections, including Artificial Intelligence.

A

Artificial Intelligence

9,093 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

S

Store management tech (In-store retail tech)

1,785 items

Startups aiming to work with retailers to improve brick-and-mortar retail store operations.

R

Retail Tech 100

100 items

The winners of the 2022 CB Insights Retail Tech 100, published March 2022.

E

E-Commerce

240 items

G

Grocery Retail Tech

638 items

Startups providing B2B solutions to grocery businesses to improve their store and omni-channel performance. Includes customer analytics platforms, in-store robots, predictive inventory management systems, online enablement for grocers and consumables retailers, and more.

Latest HIVERY News

HIVERY Curate is on Track to Grow Client Sales Over $1 Billion and Has Been Named in the Gartner Market Guide for Retail Assortment Optimization Applications in Merchandising

May 4, 2021

On May 4, 2021 HIVERY is a multi-award winning pioneer of hyper-local retailing, combining artificial intelligence (AI), operations research, and human-centered design to help consumer packaged goods (CPG) manufacturers and retailers generate a return on retail space investments by discovering each store’s space and product assortment digital fingerprint. HIVERY Curate is the world’s first true category management software that offers store-level optimization and rapid strategic category simulation and planogram generation. The research report has pointed out that “assortment optimization applications can provide powerful inventory management that minimizes excessive and “dead” inventory, enabling dramatic improvement of free cash flow to fund broader digital investments.” What sets HIVERY Curate apart from others is that it can achieve this level of superior optimization by starting at the store level. HIVERY Curate identifies the unique fingerprint of each store’s consumption patterns, across all items sold, then recommends the optimal assortment for each store to meet the localized consumer demand. Additionally, HIVERY Curate leverages artificial intelligence to enable our clients to perform rapid testing of different assortment options or category strategies and predict the financial outcome of each with unparalleled accuracy. Over the last year, clients have seen annual incremental sales growth of up to 10% by leveraging HIVERY Curate. In the coming months, projected client sales growth from using HIVERY Curate is on track to exceed $1 billion. In addition to incremental sales, clients have been able to streamline their category management processes and reduce resource hours by as much as 80%. The combination of sales growth and labor reduction has resulted in an unprecedented 10x return on investment for our clients HIVERY CEO, Jason Hosking, said that the company’s recognition by Gartner demonstrates how HIVERY’s unique artificial intelligence capability drives new brand and sales value for major CPG manufacturers and retailers in the North American market. “HIVERY’s aim is to be the market leader in retail-enabled AI solutions. Our background in deep tech and data science really sets us apart from other players. Our core focus right now is retail assortment and space optimization with our product HIVERY Curate. Based on HIVERY’s significant growth in North America, the company plans to scale into other global markets over the next 18 to 24 months.” According to the Gartner report, “by 2024, Tier 1 retailers in North America and Europe will reduce inventory carrying costs by 30%, dramatically improving free cash flow for digital investment while revamping balance sheets. By 2025, the top 10 retailers globally will leverage AI to facilitate prescriptive product recommendations, transactions and forward deployment of inventory for immediate delivery to consumers.” HIVERY is unique in that the business has the backing of the Australian Government through its national science agency, the CSIRO’s Data61. Additionally, HIVERY collaborates on research projects with universities, providing clients with unique access to the latest scientific data. HIVERY’s investors include The Coca-Cola Company, the CSIRO, and Blackbird Ventures (Australia’s pre-eminent Venture Capital firm) who successfully backed Australian billion dollar start-ups such as Canva, Zoox, Safety Culture and Culture Amp. HIVERY has been operating for six years and has offices in Australia (Sydney), Japan (Tokyo) and the United States (Bentonville, Arkansas).

HIVERY Web Traffic

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HIVERY Rank

  • When was HIVERY founded?

    HIVERY was founded in 2015.

  • Where is HIVERY's headquarters?

    HIVERY's headquarters is located at 6th Floor, Sydney.

  • What is HIVERY's latest funding round?

    HIVERY's latest funding round is Series B.

  • How much did HIVERY raise?

    HIVERY raised a total of $34.75M.

  • Who are the investors of HIVERY?

    Investors of HIVERY include Blackbird Ventures, AS1 Growth Partners, OneVentures and Tiger Global Management.

  • Who are HIVERY's competitors?

    Competitors of HIVERY include Shopventory, RELEX, SAFIO Solutions, Toolio, Flieber and 8 more.

  • What products does HIVERY offer?

    HIVERY's products include HIVERY Curate and 2 more.

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