EDITED, a London and New York-based provider of an AI-driven merchandising experience platform, announced an investment of $15 million in funding.
The round was led by Delta-v Capital, with support from original investor Wavecrest Growth Partners, alongside investor groups Beringea LLC and Hermes GPE.
The funding comes on the heels of significant momentum for EDITED. Last year, EDITED saw strong, capital-efficient growth despite difficult market conditions.
The company will use the investment toward accelerating product development, investing in partnerships, and opportunistic M&A that will expand EDITED’s value proposition to customers.
EDITED helps retailers improve predictability in their business by intelligently connecting data, driving insights, and automating actions. With EDITED, retailers can infuse data into every strategic decision in the product life cycle.
“Retailers need to be able to make faster, more surgical decisions, with higher levels of predictability and confidence. With this additional funding, we can continue investing in our platform and allow merchandisers to positively impact their customer experience with powerful insights, fuelled by machine learning,” said CEO Doug Kofoid.
Company: Stylescape Limited
Raised: $15.0M
Round: Unknown
Funding Month: March 2023
Lead Investors: Delta-v Capital
Additional Investors: Wavecrest Growth Partners, Beringea LLC, and Hermes GPE
Company Website: https://edited.com/
Software Category: Retail Intelligence and Analytics
About the Company: EDITED is a retail intelligence company that helps retailers increase margins, generate more sales, and drive better outcomes through AI-driven market and enterprise intelligence to fuel automation. The company’s mission is to help retailers leverage data insights and analytics to grow profits and achieve their company objectives. By connecting business analytics and external market data, brands like Columbia and Inditex use the EDITED Retail Intelligence products to make better data-backed decisions, expediting insights into action. Its Connected Commerce Cloud brings together innovation and leadership with AI-enabled market data solutions and powerful internal data analytics.
Source: https://www.businesswire.com/news/home/20230328005304/en/