Relex Solutions, a Helsinki, Finland-based provider of unified retail planning solutions, raised $500M in funding.
The round was led by Blackstone Growth.
The company intends to use the funds to hire hundreds of developers and experts to grow its technical team that already stands at over 400 people.
Led by CEO Mikko Kärkkäinen, Relex Solutions provides a platform for companies to leverage AI to automate data-based decisions across core processes in stores and distribution and fulfillment centers, from allocations and replenishment to planograms and workforce planning.
The AI-driven, cloud-based RELEX Living Retail Platform helps retailers and brands reduce waste, costs, and manual work by automating and optimizing their demand planning, merchandising, supply chain, and workforce planning.
The company is a profitable company employing over 1,300 people globally and serving a customer base of over 350 clients. Headquartered in Helsinki, Finland, Relex Solutions has offices in the US, UK, Germany, Italy, Spain, Portugal, France, Sweden, Norway, Denmark, Poland, Singapore, Australia, and Hong Kong. Clients include Dollar Tree, M&S Food, Franprix, Morrisons, PetSmart, Sephora, and Rossmann.
FinSMEs
17/07/2022