Algoretail

Algoretail Overview

Algoretail is an AI-driven platform that connects the dots between the shelf, the workers, and the suppliers to optimize workflow and labor efficiency, reduce waste, and consequently increase profit. With Algoretail, retailers can keep their stores' shelves fully stocked with the right products, and the back store neat and organized. Algoretail can provide a 40% reduction in waste, 35% reduction in product returns, and 20% reduction in labor, with 99+% on-shelf availability and 25% more back store space. Algoretail generates an automated, transparent, and dynamic process from the moment a product enters the back store until it is purchased, enabling accurate ordering and advanced preparation, coordinating the back store with shelf placement, and automatically generating tasks for employees.

Cumulative Funding Raised Over Time ($)

Latest News

Sep 9, 2021 · www.sponser.co.il

growth-positive

יוחננוף בהסכם השקעה באלגוריטייל, תשקיע 5 מיליון דולר תמורת 20% בחברה

יוחננוף, a supermarket chain, has announced a $5 million investment agreement with אלגוריטייל, a company that develops technology for smart inventory management and automation. In exchange for the investment, אלגוריטייל will receive 20% preferred shares of יוחננוף, valuing the company at $25 million. The final investment agreement comes two months after יוחננוף reported the initial negotiations with אלגוריטייל. The investment will be used to further develop the technology and improve inventory processes in יוחננוף stores. As part of the agreement, יוחננוף will have the right to appoint a director in אלגוריטייל for every 15% ownership in the company.

Investment

Jun 22, 2021 · www.funder.co.il

growth-positive

יוחננוף מנהלת משא ומתן להשקעת כ-5 מיליון דולר בחברת אלגוריטייל

Israeli supermarket chain Yohananoff is in talks to invest around $5 million in Algoritail, a startup developing unique technology for full automation of inventory management using artificial intelligence. The system will assist in precise and optimal purchasing for product orders from suppliers, prevent inventory loss, manage the process of arranging and availability of products on the shelves, which is expected to contribute to sales growth, reduce inventory days, reduce waste, save operating, rent and logistics expenses and improve profitability. Algoritail was established in 2018 and operates in marketing networks, delicatessens and supermarkets across the country, and intends to operate in the global retail market.

Investment

Funding

Team Members

2

Employees: 1-10

Web & Social Links

Locations

Yehuda and Noah Mozes Street 13, Tel Aviv-Yafo, Israel

Photos & Videos

1 item(s)

Algoretail Internal

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