Onebeat, an Israeli startup focused on leveraging AI for inventory optimization, has successfully raised $15 million in a funding round led by Schooner Capital. Founded in 2014 and spun out of Goldratt Consulting in 2018, Onebeat aims to assist retailers in efficiently managing inventory, thereby minimizing unsold products while ensuring stock availability. With total funding now at $30 million, the company plans to expand its operations into the US market. CEO Yishai Ashlag emphasizes the complexities of retail, highlighting the need for precision in inventory management and decision-making.
Retail is the most complicated business because you have to worry about product, managing people, marketing, operations, supply chain. You don't have a lot of room for mistakes.
Our key algorithm where we use AI is to basically do noise and signal separation. Are we really seeing a trend that we should react to, or is it just noise?
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