A retail AI start-up backed by Blackbird Ventures and Tiger Global Management has suffered a series of blows after its biggest local investor wrote a stake down to $0 and two co-founders departed.
Hivery, which raised more than $61 million from funds that also include OneVentures and AS1 Growth Partners, makes software to help retailers choose which products to stock.
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Nick Bonyhady is a technology writer for the Australian Financial Review, based in Sydney. He is a former technology editor, industrial relations and politics reporter at the Sydney Morning Herald and Age. Connect with Nick on Twitter. Email Nick at nick.bonyhady@afr.com
