Reckon.ai

Reckon.ai

Reckon uses AI and image recognition to retailers around the world to provide their customers with a hassle-free, grab & go shopping experiences. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
USD20222023
Revenues2.4m2.9m
% growth-21 %
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DateInvestorsAmountRound

€200k

Seed

€1.5m

Seed
Total Funding$1.9m

Recent News about Reckon.ai

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More about Reckon.aiinfo icon
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Reckon.ai is a cutting-edge startup that specializes in providing advanced analytics and optimization solutions for retailers. The company operates in the retail technology market, offering tools that help retailers make smarter decisions about inventory management, store location selection, pricing, and merchandising. By leveraging predictive analytics, Reckon.ai enables retailers to allocate the right products to the right stores at the right time, thereby minimizing waste and maximizing sales.

The primary clients of Reckon.ai are retail businesses of various sizes, ranging from small local shops to large multinational chains. These clients benefit from Reckon.ai's ability to forecast potential revenue for store locations based on factors such as demographics, competitive activity, customer purchasing power, and purchasing behaviors. This helps retailers choose optimal locations for new stores and make informed decisions about existing ones.

Reckon.ai's business model revolves around providing software-as-a-service (SaaS) solutions. Retailers subscribe to Reckon.ai's platform to gain access to its suite of tools and analytics. The company makes money through subscription fees, which can vary based on the level of service and the size of the client. Additionally, Reckon.ai may offer premium features or custom solutions for an additional fee.

The platform also includes features like personalized alarms that notify retailers about competitors' campaigns or price reductions, allowing them to respond quickly to market changes. This real-time responsiveness is crucial for maintaining a competitive edge in the fast-paced retail environment.

In summary, Reckon.ai empowers retailers with data-driven insights and recommendations, helping them optimize their operations, reduce risks, and increase profitability.

Keywords: Retail Analytics, Inventory Management, Predictive Analytics, Store Location, Pricing Optimization, Merchandising, Competitive Intelligence, SaaS, Retail Technology, Revenue Forecasting.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.