aifora
Company

Last deal

$8.51M
Local Amount - EUR 7M

Amount

Seed

Stage

17.05.2021

Date

2

all rounds

$11.94M

Total amount

date founded

Financing round

General

About Company
aifora is a company that provides a merchandising optimization platform for businesses.

Industry

Sector :

Subsector :

Keywords :

founded date

01.02.2018

Number of employees

Company Type

For Profit

Last funding type

Seed

IPO status

Private

Description

Their platform uses big data, machine learning, and self-learning algorithms to predict customer behavior and provide data sources such as competitive prices and local weather data to help traders and brands optimize their pricing and inventory policies. With their AI-based solutions for pricing and inventory management, businesses can comprehensively optimize their merchandise management and automate underlying processes. They believe in the data sharing economy and strive to make data available and actionable for all brands and retailers so that they can take informed business decisions, create outstanding consumer experiences, improve profitability, and grow faster. Their SaaS services are easy to integrate, highly customizable, deliver quick return on investment, and can be used independently or jointly by international brands and retailers of all sizes on all channels.
Contacts

Contact Email

Phone number

Social url

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M&A Details
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Acquired by

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announced date

13.09.2023

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Their latest funding was raised on 17.05.2021. Their latest investor New Forge. Their latest round Seed

Date 
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People

Founders
2
David Krings
David Krings

David Krings

David is a techno-mathematician who has both the mathematical and technical knowledge to translate the requirements of the digital age into suitable solutions. Before the term data science was even coined, he worked at the Research Centre Jülich, where he developed statistical algorithms and optimized simulations in high-performance computing. In 2014 he founded KRID Solutions and developed big data architectures and machine learning algorithms for various industries.

current job

aifora
aifora

organization founded

1

David Krings

Thomas Jesewski
Thomas Jesewski

Thomas Jesewski

Thomas has a background in computer science and began his career in the early 90s in the software industry. From 1998 to 2004 he was Global CIO of Esprit, where he was responsible for the digital transformation in a rapidly growing company. In 2005 he founded TAILORIT, a leading management consultancy in the retail, fashion & lifestyle sector. He has worked as a consultant for numerous retailers and brands such as H&M, Hugo Boss, Karstadt and C&A. Thomas is a board member of EO (www.eonetwork.org).

current job

aifora
aifora

organization founded

1

Thomas Jesewski

Employee Profiles
3

Michele Bariani

Senior devops engineer

David Krings

David Krings

Co-Founder & CTO

Thomas Jesewski

Thomas Jesewski

Co-Founder & CEO

Activity

Recent News
2