TL;DR:
- Onebeat, a retail tech startup, secures $10 million in Series B funding led by Magenta Venture Partners.
- Existing and new investors, including AnD Ventures, INcapital Ventures, J-Ventures, Surround Ventures, and Wilson’s Bird Capital, participated in the funding round.
- Onebeat’s AI-enabled solution synchronizes store management, online sales, and product assortment for retailers.
- The company has partnered with over 170 retailers across 26 countries, including renowned brands such as Calvin Klein, American Eagle, and Crocs.
- Onebeat emerged as a spin-off from Goldratt Consulting, known for developing the Theory of Constraints (TOC).
Main AI News:
In a remarkable feat for the retail tech industry, Onebeat, a dynamic startup specializing in AI-enabled supply chain solutions, has successfully raised $10 million in a Series B funding round. Magenta Venture Partners led the investment, with significant participation from esteemed investors such as AnD Ventures, INcapital Ventures, J-Ventures, Surround Ventures, and Wilson’s Bird Capital.
Onebeat, which emerged as a spin-off from Goldratt Consulting, has swiftly garnered attention for its cutting-edge approach to retail management. The company’s innovative solution leverages the power of artificial intelligence and an advanced suite of operational processes to synchronize store management, online sales, and product assortment seamlessly. By seamlessly integrating these critical elements, Onebeat empowers retailers to optimize their operations and achieve unparalleled efficiency.
Established in 2018, Onebeat has rapidly expanded its global footprint, attracting partnerships with over 170 renowned retailers across 26 countries. Esteemed brands such as Calvin Klein, American Eagle, Crocs, and the retail division of TATA Group have all embraced Onebeat’s transformative platform. The company’s influence extends across various retail sectors, including fashion, footwear, jewelry, pharmacy, and beverage.
Onebeat’s success can be attributed to the vision and expertise of its founders, Dr. Yishai Ashlag and Avihai Shnabel. Both seasoned industry professionals, they bring a wealth of knowledge and experience to the table. Notably, Onebeat’s roots lie in Goldratt Consulting, an organization renowned for developing the Theory of Constraints (TOC). Dr. Eliyahu M. Goldratt introduced TOC as a groundbreaking management philosophy in his influential 1984 book, “The Goal.” This philosophy enables organizations to consistently strive toward achieving their objectives.
Conclusion:
Onebeat’s successful Series B funding round, raising $10 million, underscores the market’s recognition of the immense potential of AI-enabled supply chain solutions in the retail industry. The participation of reputable investors highlights the confidence in Onebeat’s ability to transform store management, online sales, and product assortment through advanced AI and operational processes. With its extensive partnerships with renowned retailers worldwide, Onebeat is well-positioned to revolutionize the retail landscape and drive unparalleled efficiency and success. The infusion of capital will further accelerate Onebeat’s growth ambitions, solidifying its position as a leading player in the retail tech sector.
