Linthicum Heights, a USA-based leading provider of SaaS AI-based solutions for supply chain and merchandise planning in retail, CPG and manufacturing, Impact Analytics, secured financing from Vistara Growth. The company announced the funding on June 5, 2023. However, it did not disclose the amount received from the investor.
Earlier in February 2021 as well as October 2022, the company raised funds from Argentum.
Purpose of financing for Impact Analytics
With the latest proceeds from Vistara Growth, the company seeks to fuel its global expansion plans. In addition, it has plans to most notably help further develop the Impact Analytics SmartSuite™ product portfolio, which optimizes forecasting, merchandising, and end-to-end lifecycle pricing.
What the Impact Analytics official has to say
Impact Analytics CEO Prashant Agrawal, said, “We appreciate Vistara Growth’s faith in our continuing success. AI- and machine learning-driven forecasting is an industry necessity. Company leaders recognize that the AI-led insights provided by our products enable their organizations to make swift, strategic actions with predictable—and predictably positive—results.”
What the Vistara Growth official has to add
Neil Kenley, Director at Vistara Growth, further said, “We have witnessed how Impact Analytics’ product suite provides their clients with a step-change in the way they manage retail planning, inventory allocation and pricing. We are thrilled to partner with the company’s founder and CEO, Prashant Agrawal, and the entire Impact Analytics team as they expand their offerings and onboard additional retailers and merchants looking to modernize their operations.”
About the company
Prashant Agrawal launched the company in 2015. The USA-based company is a pioneer in Retail, CPG, Manufacturing and Supply Chain focused enterprise AI SaaS solutions.
The company leverages more than 150 variables to mix recency and history. It further produces process more than 30,000 modelling constructs to generate highly accurate forecasts that drive smarter decision-making, improved operational efficiencies, and maximized profits.
Its suite of products for planning, forecasting, merchandising as well as an end-to-end lifecycle pricing, empowers leading retailers to make smart data-based decisions and transform their businesses. In addition, it leads to achieving substantial business benefits for the users. Impact Analytics’ unique engagement model allows for quick implementations to be executed in a cost-efficient manner with lower TCO.
Clients such as BJ’s Wholesale Club, Dick’s Sporting Goods, Puma, Tapestry, and many others choose Impact Analytics to power their planning and pricing workflows. Every day, more new clients recognize the AI-led power of SmartSuite.
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