AI-Powered Inventory Management Startup Secures Hefty Series B [Yahoo! Finance]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: Yahoo! Finance
Invent Analytics announced Monday it had raised $17 million in Series B funding, led by LFX Venture Partners and supported by European Bank for Reconstruction and Development (EBRD) and Collective Spark. More from Sourcing Journal AI Styling Firm FindMine Scores Nearly $9M Series A Salesforce Warns of AI Climate Impact, Calls for More Disclosure Byte-Sized AI: Boohoo Uses AI for Search; Best Buy x Google Cloud; Manufacturing Startup Secures Millions Gurhan Kok, founder and CEO of Invent Analytics, said the company primarily plans to use the funding to refine the company's AI-powered technologies, which include forecasting , inventory allocation, pricing and more. The new funding will help the Philadelphia-based company to better address the nuances that come along with omnichannel , he said. “More retailers are able to support the behavior of customers in an omnichannel environment, and that also changes the landscape of how inventory flows and how those decisions affec
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