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Celect has raised $10 million to help retailers manage their inventory using machine learning tools originally developed at MIT.

The Series B round was led by Activant Capital, with contributions from Fung Capital and August Capital. Celect previously raised at least $5.2 million from investors, according to SEC filings.

Celect’s cloud-based software uses predictive analytics to help retailers more effectively manage their inventory of products in physical stores, listed online, and across the supply chain. Celect says it can help retailers better understand consumer buying patterns and goose their revenues through “optimized” product assortments and order fulfillments.

The Boston-based startup... Read more »





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