Overview
Retail margins are tightening, costs are rising and staffing remains a challenge. Acting on real-time sales data can be the difference between surviving and growing — but building a custom AI platform is beyond the budget of most retailers.
tapestry® has developed an AI-powered retail analytics platform and real-time data marketplace that integrates with existing point-of-sale (POS) systems. It brings sales, stock and store data into one place, helping retailers understand what’s selling, what’s not, and how to improve performance across their business.
Democratising data ownership
Retailers generate vast amounts of data every day, yet historically much of it has been controlled by third-party platforms. Interpreting it has also required specialist technical skills.
tapestry changes that dynamic by giving retailers access to granular, real-time insights at store, aisle and section level. Its built-in AI assistant, “Hank”, translates complex data into simple, actionable guidance. tapestry is available to over half a million stores globally through its own platform and POS partner network.
Funding growth through smarter capital
tapestry was initially funded by Christopher’s Melbourne-based machine learning agency. As the business scaled — and the 2022 VC funding winter hit — he reassessed the company’s capital strategy. Although claiming the R&D Tax Incentive (R&DTI), Christopher hadn’t realised R&D financing was available. By bringing forward its expected refund through Radium Advances and reinvesting into product and go-to-market capability, tapestry maintained momentum during tighter conditions.
“It became very clear to me that if we reinvested the incentive back into our R&D, we would get a compounding effect on our return.”
Today, regular Radium Advances form an essential part of tapestry’s capital stack.
For more information, visit tapestry’s website.
