Invent Analytics is a global retail planning solutions provider known for enhancing profit optimization through AI-driven analytics. It was founded in 2013 and is headquartered in Philadelphia, Pennsylvania. The company focuses on improving inventory management for retailers, emphasizing omni-channel strategies. Over the years, Invent Analytics has raised significant investments, including $17 million in its recent funding round. The platform is the brainchild of Professor Gurhan Kok, who has been instrumental in leading the company towards innovation in retail analytics.
| Attribute | Information |
|---|---|
| Founding Date | 2013 |
| Headquarters | Philadelphia, Pennsylvania |
| Founders | Prof. Gurhan Kok |
| Revenue | Not Publicly Disclosed |
| Profits | Not Publicly Disclosed |
| Key Investors | LFX Venture Partners, EBRD, Collective Spark |
| Industry | Retail Planning Solutions |
| Number of Employees | 140+ |
Invent Analytics started in 2013, driven by a vision to transform retail analytics through AI. Founders, led by Professor Gurhan Kok, leveraged their academic and industry expertise to develop a platform that focuses on inventory and supply chain optimization. The initial years saw the company partner with key retail players, enabling them to establish a foothold in the competitive retail technology landscape. Early successes in implementing AI solutions for inventory management across multiple retail partners paved the way for the company's growth.
Invent Analytics operates by offering Software-as-a-Service (SaaS) solutions to improve supply chain and inventory management. Focused on providing financial optimization through AI, they enable retailers to achieve significant improvements in profitability.
Invent Analytics serves over 50 global retail chains, leveraging its AI-driven solutions to tackle the challenges of omni-channel retail environments. Their analytics provide actionable insights that facilitate strategic inventory and price optimization. The company remains a leader in retail planning solutions, emphasizing real-time decision-making improvements and maximizing inventory efficiency. With its innovative SaaS model, Invent Analytics continues to expand globally, with major contributions to AI advancements and retail supply chain efficiency.
Invent Analytics positions itself as a pivotal player in transforming the retail industry through advanced AI solutions. By continuing to innovate and expand globally, the company not only enhances retailer profitability but also contributes significantly to the broader field of data analytics. With a strong foundation and ongoing investments, Invent Analytics is poised to maintain its leadership in supply chain optimization, reflecting significant potential for future impacts.