Funds for Data-led Retail Planning Firm Invent Analytics

In the US, data science-driven retail planning solutions provider Invent Analytics has raised $7.5m in a Series A round of funding, which it will use to continue its expansion in North America and Western Europe, and to invest in its AI-powered solutions.

Invent Analytics helps retailers maximize profitability through data-driven demand forecasting, inventory planning, and pricing. Its Omni-AI retail solution suite is designed to help retailers optimize their whole supply chain, and merchandise planning. The firm employs a team of 140 data scientists and engineers, which supports retailers in the US, Europe, the Middle East, and Asia.

New funding has been led by EBRD (European Bank for Reconstruction and Development), with participation from Collective Spark. Gurhan Kok, founder and CEO of Invent Analytics, comments: 'Our solutions help retailers optimize their entire supply chain, unifying network planning, inventory and price optimization, and fulfilment in one powerful framework and boost customer satisfaction. As Invent Analytics, we aim to grow by maintaining our leadership in the omni-channel forecasting and inventory planning domain.'

Web site: www.inventanalytics.ai .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.