What does Glimpse do?
Glimpse provides an AI-powered, end-to-end deduction management service designed for CPG brands. The platform automates complex deduction processes by integrating with major distributors like KeHE and UNFI, as well as retailers such as Target, helping brands manage financial reconciliations more efficiently.
How much did they raise?
The company secured $10M in Series A funding, led by 8VC, with investment also coming from YCombinator, Origin Ventures, Informed Ventures, and Allison Pickens. This funding round highlights the strong investor confidence in Glimpse's innovative approach to automating deduction management.
What are their plans for the money?
Glimpse intends to use the capital to recruit engineers and other talent to work at its New York City headquarters, while also extending its services to major retail clients like Walmart and Amazon, as well as exploring new CPG verticals. This expansion is expected to significantly bolster the company’s market presence and technological capabilities.
What have they achieved so far?
Glimpse has already achieved significant milestones by successfully integrating its deduction management service with established distributors and retailers such as KeHE, UNFI, and Target, proving its capability to streamline and automate a traditionally cumbersome process.
