Agilence, Inc., a Mount Laurel, NJ-based provider of cloud-based data analytics solutions for retail and food & beverage organizations, raised $6m in funding.
The round was led by Arrowroot Capital with participation from previous investor Aster Capitol.
The company intends to use the funds to enhance product development, improve sales & marketing, and boost the support team. It aims to grow in the retail space, while expanding into new markets like food & beverage.
Led by Russ Hawkins, President & CEO, Agilence provides data analytics and reporting solutions for retail and food & beverage organizations. It develops 20/20 Data Analytics™, a family of cloud-based reporting solutions, which provide organizations with a view of their business, to make informed decisions, increase efficiency and improve profit margins across the enterprise.
Over the last 18 months, 20/20 has been implemented by over 50 retail and food & beverage organizations in America.