Impact Analytics, a Linthicum Heights, MD-based provider of SaaS AI-based solutions for supply chain and merchandise planning in the retail, CPG, and manufacturing sectors, has announced the successful closure of its latest funding round led by Vistara Growth.
This funding round, which comes on the heels of previous funding secured in February 2021 and October 2022, will play a crucial role in fueling the company's global expansion plans.
The newly acquired funds will primarily be utilized to further enhance and expand the Impact Analytics SmartSuite™ product portfolio.
SmartSuite™ is a comprehensive suite of AI-driven solutions that optimize various aspects of forecasting, merchandising, and end-to-end lifecycle pricing.
"We appreciate Vistara Growth's faith in our continuing success," said Impact Analytics CEO Prashant Agrawal. "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."
With this recent funding injection, Impact Analytics aims to accelerate its growth trajectory and strengthen its presence in global markets.
Company: Impact Analytics, Inc.
Funding Month: June 2023
Lead Investors: Vistara Growth
Company Website: https://www.impactanalytics.co/
Software Category: Retail, CPG, and Supply Chain Demand-Forecasting and Planning
About the Company: Impact Analytics is a retail, CPG, manufacturing, and supply chain-focused enterprise AI SaaS solution. Its suite of products for planning, forecasting, merchandising, and end-to-end lifecycle pricing is empowering leading retailers to make smart data-based decisions, transform their businesses, and achieve substantial business benefits. Impact Analytics' unique engagement model allows for quick implementations to be executed in a cost-efficient manner with a lower TCO.