Impact Analytics bags funding from Vistara Growth for AI powered SmartSuite product portfolio
Impact Analytics, a provider of SaaS AI-based solutions for supply chain and merchandise planning in retail, CPG and manufacturing, has announced the closing of (undisclosed) funding from Vistara Growth.
This follows funding secured in February 2021 and October 2022 from Argentum.
"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," says Neil Kenley, Director at Vistara Growth.
"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 modernise their operations."
The latest funding round will accelerate the company's global expansion plans and most notably help further develop the Impact Analytics SmartSuite product portfolio, which optimises forecasting, merchandising, and end-to-end lifecycle pricing.
Clients such as BJ's Wholesale Club, Dick's Sporting Goods, Puma, and Tapestry choose Impact Analytics to power their planning and pricing workflows.
"We appreciate Vistara Growth's faith in our continuing success," says Agrawal.
"AI and machine learning driven forecasting is an industry necessity. Company leaders recognise that the AI led insights provided by our products enable their organisations to make swift, strategic actions with predictable - and predictably positive - results."
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