Celect Closes $10M Series B Funding

celectCelect, a Boston, MA-based predictive analytics and inventory optimization platform for retailers, closed a $10M Series B funding.

The round was led by Activant Capital with participation from Fung Capital and August Capital.

The company intends to use the funds to accelerate product development and increase the number of customers.

Launched in 2013 and led by John Andrews, CEO, Celect provides retailers with a cloud-based platform that leverages machine learning to allow retailers to optimize omnichannel inventory portfolios in stores, online, and across their supply chain through a granular way to understand how customers choose between products, and how products interact with each other.



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