Quince Raises $500M to Expand Manufacturer-to-Consumer Platform
· Source: aimagazine.com
In short
Quince has secured $500 million in Series E funding at a $10.1 billion valuation to scale its Manufacturer-to-Consumer (M2C) platform globally. The company's AI-driven supply chain model uses real-time demand forecasting and direct factory partnerships to reduce retail inefficiencies, cut waste, and deliver premium quality at lower prices. Quince surpassed $1 billion in revenue last year and maintains triple-digit annual growth by eliminating traditional retail markups and intermediaries.
Read Original Article — Read the full article on the publisher’s site.
Tags: supply-chain, forecasting, manufacturing, retail, automation, inventory