Sotira, an AI-powered surplus inventory management platform, has raised $2 million in pre-seed funding to help brands offload and capitalize on their surplus inventory.
The funding round included participation from Unusual Ventures, K5 Global, Night Capital and Soma Capital.
Amrita Bhasin, co-founder and CEO of Sotira, said the company was founded to enable brands to quickly sell their excess stock, with a specific focus on grocery, health and wellness and cosmetics items.
Bhasin said surplus...