Invent Analytics Secures $17M in Series B Funding
May 1, 2024, 9:33 am
Location: United States, Pennsylvania, Philadelphia
Employees: 51-200
Founded date: 2013
Total raised: $24.5M
Invent Analytics, a global retail planning solutions provider, has successfully secured $17 million in Series B funding. The investment round, led by LFX Venture Partners, in collaboration with existing investors European Bank for Reconstruction and Development (EBRD) and Collective Spark, marks a significant milestone for the company.
Invent Analytics is revolutionizing the retail industry by offering AI-powered SaaS solutions for demand forecasting, inventory planning, replenishment, allocation, returns positioning, and pricing. The company's innovative technology is helping leading brands maximize profits and streamline their operations in the competitive retail landscape.
LFX Venture Partners, a supply chain-focused investor with a wealth of experience in technology-driven solutions, recognized the potential of Invent Analytics' AI-decisioning technology. John Seung, Managing Partner at LFX Venture Partners, emphasized the importance of accelerating retailer planning capabilities to drive direct bottom-line return on investment.
Founded in 2013, Invent Analytics has established itself as a trusted partner for over 50 global retail chains, including well-known brands like Men’s Wearhouse, Jos. A. Bank, Academy Sports + Outdoors, Five Below, and GNC. The company's commitment to innovation and excellence has been recognized through various industry awards, highlighting its impact on the retail sector.
Prof. Gurhan Kok, Founder and CEO of Invent Analytics, emphasized the critical role of inventory optimization in today's omni-channel retail environment. By leveraging AI technology to make data-driven planning decisions, the company is helping retailers enhance profitability, improve customer experiences, and build lasting loyalty.
With the new funding, Invent Analytics plans to enhance its AI-platform capabilities, drive innovation in omni-channel retail, strengthen strategic partnerships, and expand its team of retail experts. The company's dedication to driving positive change in the global supply chain underscores its commitment to creating a more efficient and sustainable retail ecosystem.
Invent Analytics' success story is a testament to the power of innovation and strategic partnerships in driving growth and transformation in the retail industry. As the company continues to push boundaries and deliver value to its clients, it is poised to shape the future of retail planning and optimization on a global scale.
Invent Analytics is revolutionizing the retail industry by offering AI-powered SaaS solutions for demand forecasting, inventory planning, replenishment, allocation, returns positioning, and pricing. The company's innovative technology is helping leading brands maximize profits and streamline their operations in the competitive retail landscape.
LFX Venture Partners, a supply chain-focused investor with a wealth of experience in technology-driven solutions, recognized the potential of Invent Analytics' AI-decisioning technology. John Seung, Managing Partner at LFX Venture Partners, emphasized the importance of accelerating retailer planning capabilities to drive direct bottom-line return on investment.
Founded in 2013, Invent Analytics has established itself as a trusted partner for over 50 global retail chains, including well-known brands like Men’s Wearhouse, Jos. A. Bank, Academy Sports + Outdoors, Five Below, and GNC. The company's commitment to innovation and excellence has been recognized through various industry awards, highlighting its impact on the retail sector.
Prof. Gurhan Kok, Founder and CEO of Invent Analytics, emphasized the critical role of inventory optimization in today's omni-channel retail environment. By leveraging AI technology to make data-driven planning decisions, the company is helping retailers enhance profitability, improve customer experiences, and build lasting loyalty.
With the new funding, Invent Analytics plans to enhance its AI-platform capabilities, drive innovation in omni-channel retail, strengthen strategic partnerships, and expand its team of retail experts. The company's dedication to driving positive change in the global supply chain underscores its commitment to creating a more efficient and sustainable retail ecosystem.
Invent Analytics' success story is a testament to the power of innovation and strategic partnerships in driving growth and transformation in the retail industry. As the company continues to push boundaries and deliver value to its clients, it is poised to shape the future of retail planning and optimization on a global scale.