Askuity is a retail analytics platform that combines cloud-based big data processing with analytics and mobile technology to enable product companies to grow and optimize their retail business across sales, marketing and supply chain. The platform automatically collects and harmonizes multiple, disparate point-of-sale and inventory data sources—whether from retailer portals, EDI or spreadsheets—into a single view of a product company’s retail business. Customers include brands such as Philips, Salvatore Ferragamo, Bauer, PetSafe, Broan-NuTone and Ingersoll Rand. Led by CEO and co-founder Eric Green, the company is headquartered in Toronto, Canada. Askuity closed a $2M Series A and intends to use the funds to accelerate sales and marketing efforts in both new and existing markets. The round included participation from existing investor dunnhumby Ventures and a group of angel investors with retail and consumer goods experience. Askuity operates a cloud-based cross-retailer big data analytics platform that provides retailers and vendors with real-time visibility into store-level activity. The solution ingests store- and product-level sell-through, pricing and inventory data to generate sales, marketing and supply chain analytics. These insights help optimize merchandising and promotions, improve on-shelf availability and reduce out-of-stock situations to enhance the customer experience. Led by CEO and co-founder Eric Green, the company serves both retailers and vendors with a focus on actionable store-level metrics. Askuity plans to use new funding to accelerate penetration into retail markets. The company is based in Toronto, Ontario, Canada.

Total raised

$4M

Funding rounds

2

Latest round

Series A

Latest activity

Jan 2016