Media Release 8 April 2024:  Space expert joins mission to build first AI recommerce marketplace

A SPACE computer vision scientist has joined Silicon Valley-backed start-up STOCS to help create the world’s first AI driven re-commerce marketplace.

Panagiotis Sidiropoulos, who previously worked for programmes on Mars mission data, has been brought on board as Head of AI to help innovate and shake up a $2.3 trillion sector.   

STOCS is developing AI & OS to power global recommerce to plug $184bn in market leakage for brands and retailers, through a more data-driven and AI-tuned approach for surplus retail stock.

Sidiropoulos said: “I am really excited to be joining STOCS, a company that is looking to change the way that a global sector works.

“The potential for technology to innovate this sector is immense and I am looking forward to helping the team develop something unique that has the power to make a real difference to both the industry and the planet.”

As a Seed stage US company, STOCS supports some of the world’s biggest retailers and has already launched in the US, EU & UK with plans to open in the UAE later this year.

Pre-Seed investors include Silicon Valley’s Plug and Play Tech Ventures, the world’s biggest early stage investors, and Tenacity Ventures, ex-NEA Partner Ben Narasin’s fund.             

CEO and founder Sheldon Miller said: “I am delighted Panos is joining our leadership team. He comes highly recommended and his skills will be critical in helping us develop ML & AI.

“The global resale market is broken largely because the data is broken. Data science, standardisation and simplification will help fix many of the pain points. We will then use machine learning, computer vision and AI, to drive triaging, grading and categorization at speed and scale. Panos has been immersed in this field for over 20 years. We are very excited to have him on board.”  

STOCS, which stands for Software & Technology Optimizing Circular Sustainability, is building the world’s first AI-driven global resale market for enterprise retailers and brands. 

Globally, some $2.3 trillion of retail surplus stock is generated every year through customer returns and overstocks. One third goes to landfill, creating methane emissions, which have 80 times the global warming impact of CO2. STOCS is building proprietary software and technology solutions to rethink the way reverse logistics works.

For more information about this media release, please contact Martin Done on +44 7340 940571

STOCS

Founded in 2021, the company is the brainchild of CEO Sheldon Miller. The company’s mission is to innovate, optimise and lead the global circular economy for both B2B and B2C. STOCS has staff in the United States, Europe (London, UK, Monchengladbach, Germany) and Dubai, UAE. The company was the only start-up to engage in the International Finance Regulations Standards Consultation to help establish an International Sustainability Standards Board.

Sheldon Miller, Founder and CEO

Sheldon Miller, who is the CEO and founder of GSM Holdings, has spent the last 20 years working in the global secondary market in Europe. As the founder of the Retail, Government and Real Estate secondary market B2C solutions model, supporting over 300 clients including Amazon, Costco and the UK Government, Miller sourced and managed over £1bn of client stock and asset value instructions as Business Development Director of the UK’s John Pye Auctions. Miller was also co-founder of the UK’s Nationwide Disposals Agency. 

Panagiotis Sidiropoulos, SVP of AI, ML & Data Science

Panos Sidiropoulos worked on ESA/NASA Mars data for four years before returning to his work on remote sensing AI and computer vision. Prior to this he was involved in research on solving some of the most challenging data science goals across a range of sectors and is an Honorary Lecturer at UCL. Specialist subjects include AI, Data Science, Machine Learning, Remote Sensing and Computer Vision.

 

AI expert Panagiotis Sidiropoulos (left) with Founder and CEO Sheldon Miller.

https://www.stocs.com/blog/space-expert-joins-mission-to-build-first-ai-recommerce-marketplace/

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