Invent Analytics Raises $7.5M in Series A

Invent Analytics, a Philadelphia, PA-based provider of retail planning solutions, raised $7.5M in Series A funding.

The round was led by EBRD (European Bank for Reconstruction and Development), with participation from Collective Spark.

The company intends to use the funds to further accelerate its growth in North America and Western Europe and continue to invest in its AI-powered retail supply chain solutions for omni-channel retail.

Led by Prof. Gurhan Kok, Founder and CEO, Invent Analytics is a retail planning solutions provider that helps retailers accelerate their omni-aware demand forecasting, allocation, replenishment, and markdown capabilities using financial profit optimization model and AI-based advanced analytics.

Today, with a team of 140 data scientists and engineers, Invent Analytics has already achieved considerable success with its innovative technology, winning over many leading retailers in the US, Europe, the Middle East, and Asia.