San Francisco, CA – According to filings with the U.S. Securities and Exchange Commission, Bold Metrics is raising $7,999,995.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Daina Burnes played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Bold Metrics
Bold Metrics Inc. (BMI) has created a suite of AI technologies that allows brands to accurately predict customer body measurements and relate them to garment specifications. Using our cutting-edge machine learning algorithms, retailers and brands are ditching conventional sizing solutions and leveraging our technology to reduce returns and increase conversions. Ultimately, our goal is to revolutionize the apparel industry by leveraging this data to unlock body-relative apparel design. Historically, apparel sizes have been generated in the absence of customer-driven body data. This has led to a worldwide apparel waste problem caused by a high rate of returns coupled with a bad consumer experience around fit and sizing, often amplified online. Along with garment sizing optimizations, the downstream experience becomes more customer-driven, leading to a significant reduction in returns and happier customers.

To learn more about Bold Metrics, visit http://www.boldmetrics.com/

Contact:
Daina Burnes, Chief Executive Officer
310-400-4233
https://www.linkedin.com/in/dainaburnes/

SOURCE: http://www.intelligence360.io
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