Company Profile
autone is at the forefront of the retail revolution, offering an AI-powered inventory optimization platform that synthesises real-time data analytics with predictive technology to fine-tune inventory accuracy and efficiency.
Unique value proposition: autone turns passive data into actionable insights. Unlike traditional inventory systems that react to trends, autone proactively anticipates market demands and adjusts accordingly. This proactive approach saves costs by reducing excess inventory and boosts sales by ensuring products are available when and where they're needed most, avoiding overstocking and understocking issues that plague traditional inventory systems.
Solving pain points: autone’s platform directly addresses the big challenges in retail—inefficient stock management and wasted resources, helping you adapt quickly to market changes. Our accurate forecasting model significantly reduces operational costs and enhances your responsiveness to consumer demands. It also eases the cognitive load on employees, enabling them to see the direct impact of their decisions on both the business's bottom line and its sustainability efforts. This clarity and efficiency empower retail workers to focus on what really matters, transforming their everyday tasks into strategic actions.
Adil Bouhdadi and Harry Glucksmann-Cheslaw, the innovative co-founders of autone, initiated their transformative approach to retail inventory management at Alexander McQueen. They engineered a data-driven platform that not only solved immediate inventory challenges but also tripled the brand’s revenue to over $800 million within five years. This success propelled them to launch autone in 2021, with the vision to overhaul retail operations globally using advanced AI-driven technologies.
In October 2024, autone secured $17 million in Series A funding led by General Catalyst, with reinvestment from previous backers including YCombinator and Speedinvest. This investment is accelerating autone's market expansion, product development, and the growth of our team.