See the pitch deck that Onebeat, an AI inventory software startup, used to raise $15 million and launch in the US market
Onebeat, an Israel-based startup that uses AI to help retailers optimize their inventory, announced Tuesday it had raised $15 million in a funding round led by Schooner Capital.
Goldratt Consulting created Onebeat in 2014 when the firm sought ways to use software to improve its clients' supply chain operations. It officially spun out of Goldratt in 2018.
Onebeat aims to help retailers plan inventory efficiently so that large quantities of products do not go unsold.
The latest funding brings Onebeat's total raised to $30 million. It plans to use the new funds to officially expand to the US market.
"Retail is the most complicated business because you have to worry about product, about managing people, about marketing, about operations, supply chain," cofounder and CEO Yishai Ashlag said. "You don't really have a lot of room for mistakes."
Onebeat began with building advanced statistical models that eventually evolved into machine learning and AI.
"Our key algorithm where we use AI is to basically do noise and signal separation," Ashlag said. "Are we really seeing, in the small data of day to day, a trend that we should react to, or is it just a noise we should ignore?"
See the pitch deck Onebeat used to raise its latest round of funding:
Onebeat aims to help retailers optimize their inventory to match customer demand.
Onebeat
It was founded as a division of Goldratt Consulting in 2014.
Onebeat
It follows principles established by the firm's founder, Eliyahu Goldratt, who detailed them in his book "The Goal."
Onebeat
The idea for Onebeat came from Goldratt's work with leading consumer brands.
Onebeat
The retail world has grown increasingly complex in recent years, Ashlag said.
Ashlag said consumers want quick delivery and lots of choices. Retailers trying to meet their demands often end up creating waste.
Onebeat's algorithms learn customers' behavior and adapt accordingly.
Onebeat seeks to learn "the distribution curve for every store, for every product, in every category, and act on that to avoid shortages and to give better customer service," Ashlag said.
He said Onebeat can improve the proportion of inventory that retailers sell.
It can help make recommendations about replenishing store collections and special sales events.
Onebeat's customers include American Eagle and Crocs.
Onebeat
Onebeat considers Blue Yonder and Nextail among its competitors.
The company's leadership team has experience in retail and software.
"Inventory is a double-edged sword," Ashlag said. "If you find a way to manage it well, it can really uplift your business."
Onebeat
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
29 minutes ago
- Yahoo
Arya Resources Ltd. (RBZ) Upsizes Flow-Through Financing Amid Surging Investor Demand
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2025) - Arya Resources Ltd. (TSXV: RBZ) ("Arya" or the "Company") is pleased to announce upsizing of its previously announced flow-through financing, driven by growing investor interest. The Company will now issue 4,873,146 flow-through shares (the "FT Shares"), up from the originally planned 3,846,154 shares. The FT Shares are priced at $0.13 per share and qualify as "flow-through shares" as defined in subsection 66(15) of the Income Tax Act (Canada). The increase brings the total gross proceeds from the financing-including the non-flow-through tranche closed on June 3, 2025-to $1,143,509. This funding supports Arya's aggressive exploration and growth plans in one of Canada's most prospective mining jurisdictions. Use of Proceeds Flow-through proceeds will directly fund exploration work on Arya's Saskatchewan-based mineral projects, including its flagship Wedge Lake Gold Project, where the Company holds full permits to commence drilling as announced in its March 19, 2025 news release -see March 19, 2025 News Release. Non-flow-through proceeds will be allocated to general working capital, supporting ongoing corporate development and strategic initiatives. Finder's Fees In accordance with applicable securities laws and subject to TSX Venture Exchange approval, Arya may pay finder's fees to eligible parties as follows: 7% cash commission on subscription proceeds raised from introduced investors. Finder warrants equal to 7% of the securities sold to these investors, with terms identical to those of the investor warrants. About Arya Resources Ltd. (TSXV: RBZ)Arya Resources Ltd. is a Canadian-based mineral exploration company focused on unlocking the value of high-potential gold, silver, copper, nickel, and cobalt projects in mining-friendly jurisdictions. As a Tier-2 issuer on the TSX Venture Exchange, Arya is committed to building shareholder value through strategic acquisitions, targeted exploration, and sustainable development. On behalf of the Board of Directors: Rasool Mohammad, CEOEmail: rasool@ (604) 868-7737https:// Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This news release includes "forward looking statements" that are subject to assumptions, risks and uncertainties. Statements in this news release which are not purely historical are forward looking statements, including without limitation any statements concerning the Company's intentions, plans, estimates, expectations or beliefs. Although the Company believes that any forward looking statements in this news release are reasonable, there can be no assurance that any such forward looking statements will prove to be accurate. The Company cautions readers that all forward looking statements, including without limitation those relating to the Company's future operations and business prospects, are based on assumptions, none of which can be assured, and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward looking statements. Any forward looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward looking statements, or to update the reasons why actual events or results could or do differ from those projected in the forward looking statements. Except as required by law, the Company assumes no obligation to update any forward looking statements, whether as a result of new information, future events or otherwise. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
31 minutes ago
- Yahoo
Bridgewater Bank and Federal Home Loan Bank of Des Moines Award $800,000 to Minnesota Nonprofits Through Matching Grant Program
ST. LOUIS PARK, Minn., June 09, 2025--(BUSINESS WIRE)--Bridgewater Bank, in partnership with the Federal Home Loan Bank of Des Moines (FHLB Des Moines), has awarded $800,000 to 23 local nonprofit organizations through the 2025 Member Impact Fund, a matching grant initiative focused on strengthening affordable housing and community development efforts. The Member Impact Fund provides members with up to $3 in matching funds for every $1 contributed to eligible nonprofits. Beyond its previously planned 2025 charitable giving, Bridgewater Bank committed an additional $100,000, resulting in a significantly larger pool of support for nonprofit partners serving Minnesota communities. "As a local bank and leader in the affordable housing space, we are thrilled to amplify our community impact through this meaningful collaboration with FHLB Des Moines," said Nick Place, Chief Banking Officer at Bridgewater Bank. "This program strengthens our ability to support some of the most impactful organizations in our state and bring transformational resources to the table." Confirmed grant recipients include: Minnesota Housing Partnership CommonBond Communities Habitat for Humanity of Minnesota Twin Cities Housing Alliance Bridging Trellis Rethos (Full recipient list available upon request) "Minnesota Housing Partnership is deeply grateful to Bridgewater Bank for their generous and strategic contribution to advancing our work. Across Minnesota, we need more homes to help our state thrive—and each of us has a role to play in making that happen. Our partnership with Bridgewater Bank reflects a shared commitment to creating the homes Minnesota needs," said Anne Mavity, Executive Director of Minnesota Housing Partnership. Since its founding in 2023, the Member Impact Fund has supported affordable housing and community development with nearly $70 million in grants awarded by FHLB Des Moines. "The Member Impact Fund continues to be a powerful resource in supporting our members as they expand access to affordable housing and drive community development," said Kris Williams, President and CEO of FHLB Des Moines. "It's inspiring to see the partnerships centered around improving local communities in such a variety of ways." Member FDIC | Equal Housing Lender About Bridgewater Bridgewater Bancshares, Inc. (Nasdaq: BWB) is a St. Louis Park, Minnesota-based financial holding company founded in 2005. Its banking subsidiary, Bridgewater Bank, is a premier, full-service bank dedicated to providing responsive support and simple solutions to businesses, entrepreneurs, and successful individuals across the Twin Cities. Bridgewater offers a comprehensive suite of products and services spanning deposits, lending, and treasury management solutions. Bridgewater has also received numerous awards for its banking services and esteemed corporate culture. With total assets of $5.1 billion and nine strategically located branches as of March 31, 2025, Bridgewater is one of the largest locally-led banks in Minnesota and is committed to being the finest entrepreneurial bank. For more information, please visit About FHLB Des Moines The Federal Home Loan Bank of Des Moines is deeply committed to strengthening communities, serving 13 states and three U.S Pacific territories as a member-owned cooperative. We work together with over 1,200 member institutions to support affordable housing, economic development and community improvement. FHLB Des Moines is one of 11 regional Banks that make up the Federal Home Loan Bank System. Members include community and commercial banks, credit unions, insurance companies, thrifts and community development financial institutions. FHLB Des Moines is wholly owned by its members and receives no taxpayer funding. For additional information about FHLB Des Moines, please visit View source version on Contacts Media Contacts:Jessica Stejskal | SVP Marketing | Bridgewater | 952.893.6860 Rachel Wegmann | Public Relations Manager | FHLB Des Moinesrwegmann@ | 515.412.2357 Investor Contact | Bridgewater Bank: Justin Horstman | VP Investor | 952.542.5169
CNBC
39 minutes ago
- CNBC
IonQ buys UK quantum startup Oxford Ionics for more than $1 billion
IonQ is buying United Kingdom-based quantum computing startup Oxford Ionics in a deal valued at nearly $1.1 billion. Shares gained about 4%. The companies said in a release that the deal will combine IonQ's quantum computing hardware and software knowledge with Oxford Ionics' semiconductor chip technologies. The company aims to deliver breakthroughs in the field and capitalize on growing revenue opportunities. "We believe the advantages of our combined technologies will set a new standard within quantum computing and deliver superior value for our customers through market-leading enterprise applications," said IonQ CEO Niccolo De Masi in a release. The deal, which is expected to close this year, includes $1.065 billion worth of IonQ shares and about $10 million in cash. The merged company expects to build systems with 256 qubits by 2026, over 10,000 by 2027 and 2 million by 2030. Interest in quantum computing has skyrocketed in recent months after technology giants Microsoft and Alphabet announced new chip breakthroughs. Experts tout the technology's ability to solve intricate computing tasks unachievable by other computers. IonQ's CEO previously told CNBC that he wants the company to become the "800-pound gorilla" in the quantum world. Shares of Maryland-based company, which went public through a special purpose acquisition company in late 2021, are down about 6% year to date. The stock has soared more than 400% from a year ago.
