Invent Analytics specializes in providing advanced analytics and AI-driven solutions for the retail industry, focusing on inventory and price optimization. The company offers solutions that aim to enhance profitability and supply chain efficiency for retailers by integrating network planning, inventory management, and pricing in a unified framework.
The company's flagship products include 1) Omni-AI, a solution that orchestrates the entire retail supply chain by unifying network planning, inventory and price optimization, and fulfillment, 2) Omni-Plan Suite, a software suite that provides tools for demand forecasting, store and distribution center replenishment optimization, allocation optimization, transfer optimization, markdown optimization, assortment optimization, and dynamic and competitive price optimization, and 3) Omni-Fulfillment, a solution that focuses on optimizing the fulfillment aspects of the supply chain, ensuring that inventory management aligns with demand forecasting to improve overall retail efficiency.
Since inception, the company's solutions have been chosen by over 30 retailers worldwide. As of May 2024, its clientale included notable companies like Academy Sports + Outdoors, Men’s Wearhouse, Jos. A. Bank, Camper, Migros, and Teknosa.
In April 2024, Invent Analytics raised USD 17 million in a Series B funding round led by LFX Venture Partners, with participation from existing investors such as the European Bank for Reconstruction and Development (EBRD) and Collective Spark. The company expected to use the funds to enhance the capabilities of its AI platform, cater to the evolving demands of omni-channel retail, strengthen its strategic partnerships, and expand its team of retail professionals.
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