Autone, a London, UK-based AI-driven inventory management platform, has raised $17 million in Series A funding, bringing its total raised to $20 million.
Investors
The round was led by General Catalyst, with participation from existing investors, including Speedinvest, YCombinator, and Seedcamp.
General Catalyst is a venture capital firm focused on investing in transformative, enduring change. With offices in San Francisco, New York City, London, Berlin, Bangalore, and Boston, General Catalyst supports founders from seed to growth stages, partnering with entrepreneurs who challenge the status quo to build lasting businesses.
Autone Use of Funds
The company will use the funding to accelerate product development and expand operations in the US and Europe.
About Autone
Founded in 2021 by Adil Bouhdadi and Harry Glucksmann-Cheslaw, Autone provides an AI-powered inventory management platform designed to help retail brands optimize their inventory planning and management processes. The platform leverages predictive analytics and machine learning algorithms to analyze over 100 million data points per customer. Autone is trusted by over 50 global brands, including Courreges, Roberto Cavalli, Stussy, and Zadig & Voltaire.
Funding Details
Company: Autone
Raised: $17.0M
Round: Series A
Funding Date: October 2024
Lead Investor: General Catalyst
Additional Investors: Speedinvest, YCombinator, Seedcamp
Company Website: https://autone.io/
Software Category: Inventory Management
Source: https://siliconcanals.com/uks-autone-bags-15-6m/