Impact Analytics, a Linthicum Heights, MD-based provider of SaaS AI-based solutions for strategic and unified planning for retail, CPG, and supply chain, closed a $10m growth financing.
The round was led by Argentum Capital Partners IV, L.P. It is in addition to Argentum’s previous led investment of $11 million, secured in February 2021.
The company intends to use the funds for the continued expansion of its AI-led retail solution suite, to scale its customer success, and sales and marketing organizations to meet demand for its AI-led products in North and South America, Europe, EMEA and Asia.
Led by CEO Prashant Agrawal, Impact Analytics is a proven leader in Retail, CPG, Manufacturing and Supply Chain focused enterprise AI SaaS solutions. Its suite of products for planning, forecasting, merchandising, and end-to-end lifecycle pricing is empowering leading retailers to make smart data-based decisions, transform their businesses, and achieve substantial business benefits. .
The company’s SmartSuite and forecasting products for assortment planning, inventory optimization, markdown optimization, and promotion planning are deployed at retailers driving smarter decision with real-time insights, including 10 of the top 25 retailers, three of the top 10 CPG companies, and five leading global manufacturers.
In 2023, Impact Analytics will open offices in London and Dubai.
FinSMEs
26/10/2022