CIN7 acquires INVENTORO AI forecasting company, the exit for Presto Ventures

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Leading inventory and order management software invests in growth, new AI capabilities on the heels of a new CEO appointment

Cin7, the industry-leading inventory and order management software provider, announced the acquisition of Inventoro, a leading provider of AI-driven sales forecasting and replenishment optimization solutions.

The acquisition and integration of Inventoro’s capabilities with Cin7’s platform will extend product sellers’ access to state-of-the-art AI technology, enabling customers to enhance existing inventory and order management capabilities with intelligent prediction and optimization. 

Overstocking and similar inefficiencies are estimated to drive $163 billion in yearly losses for global product sellers. Coupled with the increasing demand for AI-powered forecasting and insights, Inventoro’s offering is a valuable addition to Cin7’s feature set. The actionable insights and increased visibility into performance provided by the combined capabilities help customers optimize performance across channels and minimize impacts from overstocking and stockouts. 

Inventoro’s AI forecasting and optimization capabilities perfectly complement Cin7’s robust inventory management solutions.

Together, we’ll provide customers with unprecedented inventory intelligence to maximize sales, minimize excess stock, and make informed decisions across their operations.

said Ajoy Krishnamoorthy, Cin7’s CEO
Cin7 & Inventoro Jung, Formanek, Krishnamoorthy
Cin7 & Inventoro Jung, Formanek, Krishnamoorthy

We’ve built Presto with the goal of supporting talented tech founders in the CEE region and helping them propel their smart solutions worldwide.

We celebrate the sale of Inventoro as an important milestone in fulfilling this vision. It’s yet another confirmation that Czech entrepreneurs have much to contribute to the global technology market.

says Premysl Rubes, founder and managing partner of Presto Ventures, which was the first and only institutional investor in Inventoro.

We bonded with Cin7 immediately the day we first met, and this transaction is a natural progression of our proven line of cooperation.

The two products together amplify our efforts to help SMB product sellers and manufacturers, ultimately connecting them to one large, efficient supply network while reducing waste and supporting local economies along the way.

said Tomas Formanek, Inventoro’s founder and CEO.

Inventoro’s innovative AI-powered forecasting technology accurately predicts future product demand, providing daily updates on key optimization performance and insights on which products drive profits.

With Cin7’s end-to-end inventory management software, sellers will gain invaluable visibility into their product availability and inventory capital. This enables sellers to make fast, impactful decisions in a way that was not previously possible, a significant advantage against competitors.

Combining Cin7’s inventory management platform with the power of Inventoro’s AI-powered forecasting, the future of inventory intelligence is here. 

This announcement comes at the dawn of a new age of growth for Cin7, marked by the recent appointments of Ajoy Krishnamoorthy to Chief Executive Officer and Nolan Smith to President and Chief Operating Officer.