Invent Analytics provides AI-powered SaaS solutions for retail planning, including demand forecasting, inventory planning, replenishment, allocation, returns positioning, and pricing. The company helps retailers maximize profits by applying AI decisioning to granular planning across the supply chain. Launched in 2013, Invent Analytics has offices in the US and serves more than 50 leading global retail chains, including Men's Wearhouse, Jos. A. Bank, Academy Sports + Outdoors, Five Below, and GNC. It plans to use the newly raised funds to enhance its AI platform, continue product innovation, strengthen strategic partnerships, and expand its team of retail experts. The business recently closed a $17 million Series B, signaling investor confidence in its tech-driven approach to inventory optimization and omnichannel planning. Investors include supply chain-focused LFX Venture Partners alongside existing backers European Bank for Reconstruction and Development and Collective Spark. Invent Analytics provides retail planning solutions that use AI-based advanced analytics and a financial profit optimization model to improve omni-aware demand forecasting, allocation, replenishment, and markdown capabilities. The company is led by Founder and CEO Prof. Gurhan Kok and employs a team of 140 data scientists and engineers. Its technology has been adopted by leading retailers across the US, Europe, the Middle East, and Asia. Invent Analytics focuses on AI-powered retail supply chain solutions for omni-channel retail. The company plans to use new capital to accelerate growth in North America and Western Europe and to continue investing in its AI-enabled product development.

Total raised

$25M

Funding rounds

2

Latest round

Series B

Latest activity

May 2024