Profitect

Profitect

P

Profitect

Acquired
· 2012· 63 peopleprofitect.com
About
Profitects prescriptive analytics solution leverages pattern detection and machine learning to identify opportunities that impact sales and margin. Profitect takes a retail and CPG companys data and identifies areas for improvement like: inventory accuracy, out of stocks, pricing accuracy, unsellable merchandise, and assortment discrepancies. Profitect customers typically realize 2-5% increase in sales, better consumer experience, 10-15% basis point margin improvement, and labor productivity improvement in 6 months.Profitects Marketing module uses automatic clustering and machine learning to compare your incoming marketing and loyalty data with customizable benchmarks at the consumer, product, and promotion level. The module helps you easily correlate spending habits with customer demographics, monitor promotion qualification, reach, and participation, quantify locations with low participation rates, as well as identify prime candidates for loyalty programs.

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Total Employees

63

Current headcount

Company Timeline
Funding rounds, employee growth, revenue, and exits over the same period. News mentions shown as markers.

No timeline data for this period

Score Breakdown
28
Traction
53
Team
0
Visibility
8
Profile
55
Community
0
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Frequently Asked Questions
What does Profitect do?
Profitects prescriptive analytics solution leverages pattern detection and machine learning to identify opportunities that impact sales and margin. Profitect takes a retail and CPG companys data and identifies areas for improvement like: inventory accuracy, out of stocks, pricing accuracy, unsellable merchandise, and assortment discrepancies. Profitect customers typically realize 2-5% increase in sales, better consumer experience, 10-15% basis point margin improvement, and labor productivity imp…
How much funding has Profitect raised?
Profitect has raised a total of $9M in funding. The most recent round on record is Series C.
When was Profitect founded?
Profitect was founded in 2012.
What industry does Profitect operate in?
Profitect operates in Retail, Analytics.
How many employees does Profitect have?
Profitect has approximately 63 people on record.
What is Profitect's current status?
Profitect's current operating status is: Acquired.
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