Algo

Algo specializes in AI-driven supply chain planning solutions. The company offers a SaaS platform that helps supply chain management. Its services focus on enhancing transparency, connectivity, and automation between suppliers and retailers.

Algo's supply chain management solutions include features such as demand planning, inventory planning, merchandise planning, and replenishment planning. These solutions collectively aim to enhance supply chain performance through data analytics, AI, and human collaboration to predict customer demand, streamline operations, and ensure balanced inventory management. In particular, the company claims that its demand planning solutions drive better supply chain decisions, with more than 90% forecast accuracy, resulting in a more than 85% reduction in out-of-stocks and a more than 30% reduction in inventory.

Key customers and partnerships

Algo’s offerings focus on the consumer electronics, media & entertainment, retail, and pharmaceutical industries. As of March 2024, its customers included global leaders like Sony, Microsoft, Disney, Walmart, Forever 21, Target, Meta, Best Buy, Driven Brands, and Amazon.

Funding and financials

In January 2024, Algo raised USD 20 million in a funding round led by Vistara Growth. The new funds were channelled toward expediting the expansion plans of Algo at a global level. These funds were also expected to be used for the enhancement and expansion of the firm's AI-driven product range.