Invent Analytics Raises $7.5 Million to Accelerate Growth of AI-Driven Retail Solutions

Today, Invent Analytics announced that it has raised $7.5 million in Series A funding to further accelerate its growth in North America and Western Europe. Invent Analytics provides AI-driven software to help retailers profit-optimize their supply chain, inventory, and merchandising decisions. With a team of 140 world-class data scientists and engineers, Invent Analytics is enabling retailers to maximize profitability by leveraging data-driven demand forecasting, inventory planning, and pricing.

The funding will be used to continue to invest in its AI-powered retail supply chain solutions for omni-channel retail. Clients have already experienced a 2-6% increase in profitability, increased sales, lowered inventory, and reduced fulfillment costs.

“Supply chain transformation is critical for retailers to maintain a competitive advantage as customer expectations rise in a complex omni-channel retail environment,” said Prof. Gurhan Kok, Founder and CEO of Invent Analytics. “Our solutions help retailers optimize their entire supply chain, unifying network planning, inventory and price optimization, and fulfillment in one powerful framework and boost customer satisfaction.”

Invent Analytics has been named as a representative vendor in Gartner 2022 Market Guides, including Retail Forecasting, Allocation and Replenishment Solutions and Retail Unified Price, Promotion and Markdown Optimization Applications – Short Life Cycle. With this new funding, Invent Analytics is well-positioned to continue to be a leader in the omni-channel forecasting and inventory planning domain.