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