General Catalyst led UK-based Autone’s $17 million series A investment round.Autone, an AI-powered inventory management platform, has raised $17 million in funding. General Catalyst led the company’s $17 million Series A investment round.
UK-based Autone’s investment round included angel investors from Speedinvest, YCombinator, Seedcamp, 2100VC, Motier, Financière Saint James, LVMH, Sephora and Moncler. The company announced that it will use the new investment to develop products and increase its activities in the US and Europe.
Founded in 2021 by Adil Bouhdadi and Harry Cheslaw, Autone is a platform designed to help retailers manage their inventory more effectively. Today, many retailers have large amounts of data but struggle to use it effectively. Autone makes sense of this data using data analytics and artificial intelligence technologies and enables retailers to make more informed and strategic decisions.
Autone, an AI-powered inventory management platform, has raised $17 million in funding. General Catalyst led the company’s $17 million Series A investment round.
UK-based Autone’s investment round included angel investors from Speedinvest, YCombinator, Seedcamp, 2100VC, Motier, Financière Saint James, LVMH, Sephora and Moncler. The company announced that it will use the new investment to develop products and increase its activities in the US and Europe.
Founded in 2021 by Adil Bouhdadi and Harry Cheslaw, Autone is a platform designed to help retailers manage their inventory more effectively. Today, many retailers have large amounts of data but struggle to use it effectively. Autone makes sense of this data using data analytics and artificial intelligence technologies and enables retailers to make more informed and strategic decisions.
On the other hand, excessive accumulation of inventory not only increases costs but also causes environmental problems. This leads to increased waste, with problems such as excess products being stored and deteriorating over time. Autone aims to reduce waste by optimizing inventory levels.
In addition, Autone helps brands deliver their products more efficiently through accurate demand forecasting. This process enables brands to better understand market demands and deliver the needed products on time. Autone’s main objective is to increase efficiency and support environmental sustainability in the retail sector. The company collaborates with more than 50 global brands such as Courreges, Roberto Cavalli, Stussy and Zadig & Voltaire.