Prelude Raises $5.2M in Seed Funding to Optimize Cannabis Supply Chain with AI

Prelude is dedicated to optimizing inventory assortments and administrative costs for cannabis dispensaries.

Source: Prelude

Company Name: Prelude

Location: New York City, NY

Sector: AI-Powered Supply Chain Solutions for Cannabis Industry

Funding Details: Raised $5.2M in Seed funding

Funding led by: Rackhouse Ventures and Casa Verde
Total Funding: $5.2M (Seed round)
Purpose of Investment: Expand operations and business reach

Leadership: Co-Founded by Michael E. Murphy and Andrew Copp

Product: AI-powered supply chain solution targeting cannabis industry, focusing on reducing out of stocks and overstocks at dispensaries

About: Prelude is dedicated to optimizing inventory assortments and administrative costs for cannabis dispensaries. Currently focused on the retail layer of the industry, the company aims to extend its value across the entire cannabis supply chain, from seed to sale.

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