Onebeat, a Tel Aviv, Israel-based AI-enabled retail-tech company, raised $10M in additional funding.
The round was led by Magenta Venture Partners, joined by AnD Ventures, INcapital Ventures, J-Ventures, Surround Ventures and Wilson’s Bird Capital.
The company intends to use the funds to continue to expand its retail platform, business operations and new business growth plans.
Founded in 2018 by Dr. Yishai Ashlag (CEO) and Avihai Shnabel, Onebeat provides a SaaS, AI-enabled solution that offers flexibility and inventory visibility to mid-market retailers looking to cut costs and expand margins.
The company was born out of Goldratt Consulting, an international firm known for its supply chain expertise and creator of Theory of Constraints (TOC), a management philosophy introduced by Dr. Eliyahu M. Goldratt in his 1984 book entitled The Goal, which is geared towards helping organizations continually achieve their goals.
During the last twelve months, Onebeat has more than doubled its client base, partnering with over 170 retailers across 26 countries and various retail sectors, including fashion, footwear, jewelry, pharmacy and beverage, among others. In addition, the company works with some of the world’s foremost, well-respected global retail leaders, such as Calvin Klein, American Eagle, Crocs and the retail division of TATA Group, just to name a few.
FinSMEs
07/06/2023