Onebeat Secures a $10 million Series B

Platforms
Written By Rick Watson

Onebeat’s solution helps retailers by synchronizing store management, online sales, product assortment and more through the use of AI and advanced suite of operational processes.

The funding was led by Magenta Venture Partners among others, and the company originated in Israel.  The origin story of the company is interesting as the solution spun out of Goldratt Consulting.  For those that have not heard of Eli Goldratt, he is the author of the management philosophy called the Theory of Constraints which aims to optimize a system by identifying its most important limiting factor.  In this case, using AI to optimize inventory availability, assortment, and freshness across locations is a perfect use case for artificial intelligence given the costs and customer experience impact of having the wrong product in the wrong place at the wrong time based on demand patterns.

CalcalisTech: Onebeat secures $10 million Series B for AI-enabled supply chain solutions

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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