Garvis, an Antwerp, Belgium-based revolutionary SaaS company that radically puts the planner at the center of the universe through a bionic demand planning and stock optimization system, announced that it raised €3.5 million in funding.
The investment was from the British investment funds Superseed, Scalebridge Capital, and the German group Bosch Ventures.
With this new capital injection, Garvis intends to increase the accessibility of its AI platform and continue its international expansion.
The platform designed by Garvis identifies all the environmental factors that affect the company. It uses Open Box AI to respond to global fluctuations in shopping behavior. Sudden changes and fluctuations in demand patterns are quickly spotted. Garvis collaborates with the University of Antwerp to continuously optimize its predictive algorithms. Its partner, Delaware, is also supporting the sale of the platform.
'The person in charge of the planning can communicate, directly and transparently, with the artificial intelligence, through what we call a bionic interface. She uses her experience to automatically convert real-time data into extremely accurate plans. Companies can thus optimize their stocks, make better use of the raw materials at their disposal and guarantee better service to their customers.' said Piet Buyck, CEO of Garvis.
More than 50 well-known businesses, including Jacobs Douwe Egberts, now utilize the platform.
Company: Garvis BV
Funding Month: September 2022
Lead Investors: Superseed Capital, Scalebridge Capital, and Bosch Ventures
Company Website: https://www.garvis.ai/
Software Category: Demand Planning System
About the Company: Garvis is a revolutionary SaaS company on a mission to create the world's first bionic demand planning system. Garvis radically puts the planner at the center of the universe through a bionic demand planning and stock optimization system. It provides the planner with control of user-trainable, transparent AI to navigate the ever-changing ocean of real-world data and create accurate, explainable future plans. The planner navigates the ocean of data with AI. Garvis combines access to data in the richest sense with a user-trainable, transparent AI and empowers planners to create the best possible plans. This paradigm shift towards man-machine collaboration results in fewer costs, lower implementation time (<24 hours), reduced forecast error, and an evergreen environment. Leading global brands in sectors including medicine, consumer products, chemicals, and manufacturing have already started using Garvis to plan their futures in bionics, leading to considerable forecast improvements and cost reductions.