On May 5, 2020, the NRW Bank will become an investor in the Düsseldorf-based start-up aifora. Capnamic Ventures, an investor in aifora since 2018, has also increased its investment in the young company. The total investment is in the 7-digit range.
Since April 1, Felix Finger has been working as interim CFO/COO at the Dusseldorf-based software company aifora and has now also joined the company as a shareholder.
Christmas: no other holiday puts people into such a panic every year. Although Christmas, unlike Easter, has a fixed date, Christmas always seems to come “all of a sudden”. And this despite the onset of gingerbread sales in September, the first Christmas discounts in October and Wham on repeat from November to January.
Gartner mentioned aifora, a leading provider of intelligent pricing software, as a Representative Vendor in their 2019 Market Guide for Unified Price, Promotion and Markdown Optimization (UPPMO) Applications.
The Düsseldorf-based software company aifora has entered a partnership with the innovation consultancy KIVALUE. The companies will combine their expertise in the areas of artificial intelligence (AI) and big data and support the retail industry in developing data-driven business models.
The AI software company aifora has moved within the Düsseldorf MedienHafen. One and a half years have passed since the founding of the start-up. Since then, aifora has not only outgrown its status as a start-up, but also its premises.
The Düsseldorf-based AI company aifora has developed a software that enables retailers to make intelligent price decisions in real time. With the textile retail chain NKD, aifora has now been able to convince another well-known retailer of the advantages of its solution.
With the Software as a Service (SaaS) solutions from aifora, the fashion retailer ADLER is able to manage its inventory with the help of artificial intelligence – automated and in real time. This enables ADLER to make optimum use of sales and storage space and also reduce operating costs.
With the data-sharing and AI platform of the software company aifora, retailers can intelligently control their price and inventory management and thus significantly increase sales, turnover and earnings and reduce inventories.
The early-stage investor Capnamic (www.capnamic.com) is investing three million euros in the merchandising optimisation platform aifora (www.aifora.com). The financing is primarily intended for the further development of aifora’s product and technology, as well as for expansion into new markets