Vancouver’s Vistara has invested $20 million in Algo, a leading AI supply chain SaaS provider of SaaS AI-based solutions for supply chain and demand planning in retail, CPG and manufacturing.
Algo enables retailers, suppliers, distributors, and manufacturers to gain insight into their demand planning and inventory optimization processes, to supercharge their supply chains.
Combining AI and machine learning with deep domain expertise, Algo’s omnichannel SaaS platform helps suppliers and retailers plan, simulate, and execute more efficient supply chains through smart automation, actionable analytics, and digital twin technology.
Clients such as Microsoft, Meta, JB Hi-FI, Walmart and many others choose Algo to power their planning and inventory workflows.
“We have witnessed how Algo’s product suite provides their customers with a game-changing shift in how they manage their supply chain demand planning, inventory allocation and in-store optimization,” said Noah Shipman, Partner at Vistara Growth.
The $20 million capital raise will accelerate the company’s global expansion plans and most notably help further develop and expand Algo’s AI-powered product portfolio, which optimizes forecasting, merchandising, and downstream supply chain operations.
Proceeds of the funding will also help complete the recent merger between Algo and V Net Solutions.