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GenLots logo — AI-Powered Efficiency with Every Order

GenLots

AI-Powered Efficiency with Every Order

Founded 2017 Switzerland Morges, Switzerland 3 employees Seed AI, SaaS +2

General Information

Company Name GenLots
Founded Year 2017
Location Switzerland Morges, Switzerland
Employees 3
Industries AI, SaaS, Supply Chain +1
Funding Stage Seed
Social

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About GenLots

GenLots is an AI-powered efficiency solution for large manufacturing companies, aimed at revolutionizing the allocation of orders for external materials. Their proprietary reinforcement learning algorithms are designed to optimize production material availability while minimizing costs. The company boasts impressive results, with up to 40% reduction in inbound deliveries, a 30% reduction in inventory, and minimized stock-out risks for their current clients. Furthermore, GenLots provides real-time recommendations on master data to ensure up-to-date information and mitigate losses due to poor data quality. Founded in 2017 and based in Switzerland, the startup recently received a Seed Round investment from Plug and Play on 22 February 2022. With an emphasis on AI, SaaS, supply chain, and machine learning, GenLots presents an innovative solution for optimizing manufacturing processes.

Taxonomy: AI-powered efficiency, Reinforcement learning algorithms, Supply chain management, Inventory optimization, Material requirements forecasting, Artificial intelligence, Process improvement, Business analytics, Logistics optimization

Services & Products

AI-powered operational purchasing
Supply chain optimization with machine learning
ERP integration for inventory management
SAP integration for MRP optimization
Supply chain automation solutions

Target Customers

Material planners Supply chain executives IT professionals Pharmaceutical companies Consumer goods companies Chemical industry companies Manufacturing companies

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round •••••• 1
Investor
22 Feb 2022
Seed Round •••••• - 23 May 2021
Pre Seed Round •••••• 1
Investor
24 May 2019

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FAQ About GenLots

AI-Powered Efficiency with Every Order
GenLots was founded in 2017.
GenLots is headquartered in Morges, Switzerland.
GenLots operates in the following industries: AI, SaaS, Supply Chain, Machine Learning.
GenLots has approximately 3 employees.
GenLots has completed 3 funding rounds. The latest funding stage is Seed.
GenLots offers: AI-powered operational purchasing, Supply chain optimization with machine learning, ERP integration for inventory management, SAP integration for MRP optimization, Supply chain automation solutions.
Top alternatives and competitors to GenLots include FibWave, IMMUDAT, Essex, Last M BIZ GROUP, TechShelf. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
GenLots and FibWave are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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