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Startup Name: aifora
Tagline: Retail automation platform for pricing and inventory management
Elevator Pitch: The aifora retail automation platform enables retailers to optimize and automate their pricing and inventory management. aifora analyzes retailer’s own data (e.g. transaction, article and inventory data) as well as external data (e.g. weather, event and competitor data) to forecast consumer demand. Based on the forecast demand, aifora optimizes prices and inventory management across all sales channels and locations in real-time.
Thus, retailers can maximize profits and revenues while minimizing excess stock and avoiding out-of-stock situations.
aifora’s cloud-based SaaS solutions are quick and easy to implement and can be configured to account for each retailer’s unique strategies, business rules and workflows. Maximum transparency is provided through an attractive web interface, which enables users to view all calculations made by the “machine” and their impact on central KPIs. This helps the users build trust in the system and ensures a high level of user acceptance.
Target Market: Brick-and-mortar, e-commerce and omni-channel retailers of all sizes and from all retail sectors.
How will you make money?: We charge a monthly a subscription cost for our cloud-based services plus a minimal upfront set-up and integration fee. The monthly subscription cost is based on the client’s annual revenue, therefore, retailers of all sizes can profit from our solutions.
How much capital have you raised?: 2-5m
Founder(s) Name: Thomas Jesewski & David Krings
Website: https://www.aifora.com
Twitter: @aifora_com
City/Country: Düsseldorf, Germany
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