Sydney, NSW, Australia— July 15, 2020 — HIVERY, a leader in innovative AI-driven retail assortment strategy simulation & optimization solutions, today announced that the company has received an investment of US$30 million led by Tiger Global, a New York-based investment firm. Existing investors Blackbird Ventures, AS1 Partners, and OneVentures also participated. The Series B round is part of HIVERY’s expansion strategy which looks to accelerate key hires and product development to support customer demand and international expansion beyond the US.  

Taking an average of averages or a top-down approach to assortment planning has left millions of dollars of incremental revenue on the table. HIVERY, however, knows there is a better way, and solving the unsolvable is one of the key attributes I've actively sought out in my career,” says Jason Ingargiola.

HIVERY featured in VentureBeat story: 10 startups riding the wave of AI innovation. Organizations are increasingly adopting AI-enabled technologies to address existing and emerging problems within the enterprise ecosystem, meet changing market demands and deliver business outcomes at scale.  Shubhangi Vashisth, the senior principal research analyst at Gartner, said that AI innovation is happening at a rapid pace. Vashisth further noted that innovations including edge AI, computer vision, decision intelligence, and machine learning will have a transformational impact on the market in coming years. In this report, VentureBeat covers 10 AI startups that are worth watching across diverse industries, including retail, finance, cybersecurity, and DevOps and HIVERY is one of them. Read more.

CB Insights named HIVERY to its Retail Tech 100 ranking, which showcases the 100 most promising B2B retail tech companies in the world.  The 2022 Retail Tech 100 cohort highlights startups reimagining the retail experience across 13 categories. This year’s winning companies are working on hyper-personalized shopping, blockchain-powered commerce, autonomous delivery, virtual shopping, and more. 19 countries are represented this year, including India, China, Mexico, Singapore, and the Netherlands, among others. 

As one of the leading business-focused global media companies, Forbes recently published an article, written by contributor Benjamin Laker, covering the latest innovations and trends within the online marketplace. The article highlights HIVERY as a leader and provides an example of AI application in today’s retail business world.

"According to Pereira, leaders of firms who earn their spot on top will recognize the power of data-driven insights and AI-fueled tech to create elite, personalized, and efficient customer experiences that offer the right products at the right time to the right people. That recipe is possible when using machine-learning approaches like HIVERY Curate, which seeks to use hyper-localized product and space recommendations and usher in a new age of actionable insight through strategy simulations - a sort of “Know Before You Act

HIVERY Curate enables retailers and consumer packaged goods companies to quickly simulate assortment strategies, then fine-tune those simulations and generate space and assortment-aware planograms for execution.

HIVERY is delighted to announce the release of the latest IDC InfoBrief, sponsored by HIVERY, the study explores the growing trend in assortment merchandising solutions and discusses where the industry is headed as well as offering essential guidance on how to get started today.

Cantaloupe Inc a digital payments and software services company that provides end-to-end technology solutions for the unattended retail market, today announced its partnership with HIVERY, a data-science company that specializes in AI technology to streamline category management for retailers in the consumer packaged goods (CPG) industry.