RELEASE: Invent Analytics Secures $7.5M in Funding

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RELEASE: Invent Analytics Secures $7.5M in Funding

(Information sent by the signatory company)

- Invent Analytics secures $7.5 million to accelerate growth of its AI-powered retail planning solutions

Invent Analytics provides AI-powered software to help retailers optimize profit from supply chain, inventory, and merchandising decisions

PHILADELPHIA, Dec. 6, 2022 /PRNewswire/ -- Invent Analytics, a global provider of retail planning solutions, today announced that it has secured $7.5 million in Series A funding. The round was led by EBRD (European Bank for Reconstruction and Development), with the participation of Collective Spark. The funding will be used to further accelerate the growth of Invent Analytics in North America and Western Europe and continue to invest in its AI-powered retail supply chain solutions for omnichannel retail.

Invent Analytics helps retailers maximize profitability by leveraging data-driven demand forecasting, inventory planning, and pricing. Today, with a team of 140 world-class data scientists and engineers, Invent Analytics enables retailers to optimize the benefits of their entire supply chain and inventory planning to win in the new world of omnichannel retail. The company has already achieved considerable success with its innovative technology, winning over many leading retailers in the United States, Europe, the Middle East and Asia. Clients have experienced 2-6% increased profitability, increased sales, reduced inventory, and decreased fulfillment costs.

"Supply chain transformation is critical for retailers to maintain a competitive advantage as customer expectations rise in a complex omnichannel retail environment. Our solutions help retailers optimize their entire supply chain, unifying the network planning, inventory and pricing optimization, and fulfillment in one powerful framework, and drive customer satisfaction.As Invent Analytics, we aim to grow by maintaining our leadership in omnichannel forecasting and planning inventories," said Professor Gurhan Kok, founder and CEO of Invent Analytics.

"Supply chain and inventory management have become a C-level priority for retailers due to continued supply chain disruptions, inflationary pressures, as well as increasing consumer expectations for the omnichannel experience" said Yalcin Gungoren of EBRD's Venture Capital Investment Program. "Invent Analytics' differentiated, science-based retail planning suite delivers direct, measurable ROI with incredible speed-to-value. Gurhan Kok and the entire Invent Analytics team have unmatched expertise. We are very pleased to join their journey as they take retail planning to a new level," added Yalcin Gungoren.

"Retail has the potential to benefit greatly from AI. We have been closely watching the strong progress of Invent Analytics for some time and believe it has the AI-powered technology to accelerate retailers' omnichannel demand forecasting, allocation, replenishment and markdown capabilities, creating a direct and measurable return on investment. There is no doubt that Invent Analytics will soon be a pioneer as a provider of global retail planning solutions in the industry," said Atil Erken, a general partner at Collective Spark.

About Invent Analytics

Invent Analytics is a global provider of retail planning solutions that helps leading retailers accelerate their omnichannel demand forecasting, allocation, replenishment and markdown capabilities using a financial benefit optimization model and advanced analytics. AI based.

Invent Analytics has been named as a Representative Vendor in the 2022 Gartner Market Guides, including Retail Forecasting, Allocation and Replenishment Solutions and Retail Unified Price, Promotion and Markdown Optimization Applications – Short Life Cycle.

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