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NextOrbit logo — Pricing for Profit | Competitor Price Discovery | Demand For...

NextOrbit

Pricing for Profit | Competitor Price Discovery | Demand Forecasting Enabled by AI and Machine Learning

Founded 2014 United States Plano, United States 11 employees Grant Total: $251.00K AI, Retail +2

General Information

Company Name NextOrbit
Founded Year 2014
Location United States Plano, United States +2
Founders / Decision Makers
Team member
Employees 11
Industries AI, Retail, SaaS +1
Funding Stage Grant
Social

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About NextOrbit

NextOrbit is a Retail and SaaS startup, founded in 2015 and headquartered in the United States. The company specializes in Price Elasticity Modeling, Price Optimization, and Demand and procurement planning, all enabled by AI and Machine Learning. Their services include tracking competitor pricing, store ordering optimization, and production recommendations, with evidence of clients benefiting from enhanced demand planning and improved customer experience. The recent SGD25.00K grant investment from Singapore Tourism Accelerator on 21 September 2021 has garnered attention. NextOrbit has been recognized in various retail publications and exchanges, such as CIO and Insight Success. The company's accolades include significant improvements in same store and online sales, inventory reduction, and enhanced customer basket size. Moreover, their partnership with Grocery Exchange, USA to assist independent store owners indicates potential further growth. NextOrbit's comprehensive AI and machine learning-powered solutions have a wide reach, benefiting various industries including fashion, eCommerce, store pick firms, and retail store owners. The company's impactful contributions to demand planning, customer experience enhancement, loyalty, and operational efficiencies position it as an attractive investment prospect in the retail tech sector. For investors seeking promising opportunities within AI-driven retail solutions, NextOrbit presents a compelling case for potential growth and continued success.

Taxonomy: AI in Retail, Machine Learning in Retail, Price Optimization, Demand Planning, Inventory Management, Customer Loyalty, Sales Improvement, Shelf Space Allocation, E-Commerce, Out Of Stock Predictions

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Grant •••••• 1
Investor
21 Sep 2021
Non Equity Assistance •••••• 1 •••• •••• 15 Apr 2019
Seed Round •••••• - 01 Jun 2015

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FAQ About NextOrbit

Pricing for Profit | Competitor Price Discovery | Demand Forecasting Enabled by AI and Machine Learning
NextOrbit was founded in 2014.
NextOrbit is headquartered in Plano, United States.
NextOrbit operates in the following industries: AI, Retail, SaaS, Machine Learning.
NextOrbit has approximately 11 employees.
NextOrbit has completed 3 funding rounds, raising a total of $251.00K. The latest funding stage is Grant.
Top alternatives and competitors to NextOrbit include ASPACE, Retalix. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
NextOrbit and ASPACE 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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