- Raised $5M funding round, Sep 2021
About
Algoretail is an AI-driven platform that connects the dots between the shelf, the workers, and the suppliers to optimize workflow and labor efficiency, reduce waste, and consequently increase profit. With Algoretail, retailers can keep their stores' shelves fully stocked with the right products, and the back store neat and organized. Algoretail can provide a 40% reduction in waste, 35% reduction in product returns, and 20% reduction in labor, with 99+% on-shelf availability and 25% more back store space. Algoretail generates an automated, transparent, and dynamic process from the moment a product enters the back store until it is purchased, enabling accurate ordering and advanced preparation, coordinating the back store with shelf placement, and automatically generating tasks for employees.
Funding history · 1 round · $5.0M total
Q&A
- What is Algoretail's primary business?
- Algoretail is an AI-driven platform designed for retailers to optimize workflow, labor efficiency, and reduce waste by connecting shelves, workers, and suppliers.
- When was Algoretail founded?
- Algoretail was founded in March 2018.
- How much funding has Algoretail raised in total?
- Algoretail has raised a total of $5,000,000 USD.
- When was Algoretail's last funding round and who invested?
- Algoretail's last funding round was in September 2021, with investment from M. Yochananof and Sons.
- What is Algoretail's current employee count?
- Algoretail has 1-10 employees.
- What are the key benefits Algoretail claims to offer retailers?
- Algoretail claims to provide a 40% reduction in waste, 35% reduction in product returns, and 20% reduction in labor, along with 99%+ on-shelf availability and 25% more back store space.
- What technologies does Algoretail utilize?
- Algoretail utilizes Artificial Intelligence, Deep Learning, Machine Learning, and Platforms & Interfaces.
- What types of customers does Algoretail target?
- Algoretail targets customers in Commerce & Retail, Distribution Channels, Supermarkets, Supply Chain, and Brick & Mortar.
Team · 2
Sectors & technology
Tags
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | algoretail.io |
|---|---|
| linkedin.com/company/18979396 | |
| YouTube | youtube.com/@algoretail-empoweringretai3899 |
Identifiers & details
| Founded | 2018-3 |
|---|---|
| Employees (exact) | 6 |
Radar intelligence
Web history (Wayback)
| Domain | algoretail.io |
|---|