The company is part of Enterprise City’s start-up exchange programme at Bonded Warehouse, which is supported by Praetura Ventures. “We know how much potential there is for AI and machine learning to improve profits and reduce waste in retail, and we are thrilled to have Prateura join us on our mission to modernise merchandising and put data behind the important pricing and inventory decisions our users make every day.” “As a team of former retailers, we’ve seen first-hand how the retail industry is advancing in many areas but falling behind when it comes to making data-driven decisions,” explained Fisher. Keep up on our always evolving product features and technology. Sparkbox was founded by Lindsay Fisher, Matthew Wong and Kevin Blackmore, who prior to Sparkbox was vice president of Customer Insights at Best Buy and a retail analytics partner at Accenture. Following a period of exciting growth, Sparkbox is thrilled to announce Praetura Ventures has invested £1. Sparkbox Media Solutions, No.16, Second Street, 4th Phase, Co-operative Nagar, Thiruverkadu, Chennai - 600 077. The wider Praetura team are excited to be backing another fantastic Northern tech business and providing more than money support to make Sparkbox a go-to solution for even more household brands.” “I’m looking forward to working with the team and sharing some of the lessons I’ve learnt from my time at Apple and the other tech businesses I’ve been lucky to work closely with over the years. “Sparkbox’s approach to inventory optimisation has the power to bring about massive changes in fashion and home retail, which is clearly behind the times when it comes to technology adoption within merchandising,” he said. Over 50 of in-house respondents reported their design system included the following elementswith color systems appearing in 95 of the design systems. It will use the cash injection to double its team and target additional retailers.Ĭolin Greene, Operational Partner at Praetura Ventures and former Director of US Consumer Retail at Apple, will join the Sparkbox board: In-house respondent were asked to select the elements their design system contained from a list of 19 items and could write in other answers. The company works with brands, including River Island, to help them make better stock buying and pricing decisions. Manchester-based artificial intelligence start-up, Sparkbox, has received a £1.5m investment from Praetura Ventures.
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