💼 Series A funding to expand across markets
autone, a leading AI-powered platform for retail inventory management, secured $17M in a Series A funding round led by General Catalyst. Existing investors such as Speedinvest, YCombinator, and business angels from LVMH and Moncler also participated. This brings autone’s total funding to over $20M. The investment will help accelerate expansion in the US and Europe and boost hiring and product development, positioning autone as a leader in optimizing inventory for mid-market retailers. CEO Adil Bouhdadi says, "Our platform transforms passive data into actions, empowering retailers to make smarter decisions."
🔍 Transforming inventory management with AI
Founded in 2021 by Adil Bouhdadi and CTO Harry Glucksmann-Cheslaw, autone helps retailers like Roberto Cavalli, Courrèges, and Zadig & Voltaire forecast demand, reduce inventory by up to 55%, and increase sales by 30%. By integrating 100M data points per customer, autone’s AI platform helps retailers manage stock efficiently, cutting time spent on manual tasks by 45 hours per week. According to Roberto Cavalli, "autone recouped our investment in three months and continues to enhance its platform for retail changes."
🌱 Sustainability-driven retail solutions
Retailers face increasing regulatory pressure, such as the EU’s ban on destroying unsold goods. autone’s AI-driven platform not only enhances profitability but also promotes sustainability by reducing waste. Bouhdadi emphasizes that autone helps retailers make “smarter inventory,” aligning sales goals with environmental responsibility. As global supply chains become more complex, autone aims to simplify decision-making, helping brands comply with regulations and reduce their carbon footprint.
🌍 A growing footprint in global retail
With revenues up sixfold since its Seed round, autone’s technology is evolving to replace legacy systems across beauty, fashion, and homeware retail sectors. Backed by General Catalyst’s experience with commerce giants like Demandware and Warby Parker, autone is poised to expand its AI-driven operational platform to cover supply chain management, remanufacturing, and reordering for retailers. Bouhdadi notes, “Selling better doesn’t mean more inventory, but smarter inventory,” positioning autone as a game-changer in AI-powered retail tech.
Will AI reshape inventory management and retail?
