Nextail raises .6M to help retailers optimize stock levels

Nextail, a Spanish startup that has developed technology to help retailers better manage inventory levels and, ultimately, sell at higher margins, has closed $1.6 million in new funding. The round was led by Nauta Capital, with participation from existing backer Realiza. It brings total raised to $2 million, while I’m told the new financing will be used by Nextail to accelerate product development, and expand its sales and marketing efforts.Founded by Joaquín Villalba and Carlos Miragall in 2014, Nextail has developed a Software-as-a-Service that claims to bring artificial intelligence to physical retail inventory management. Its technology attempts to optimize the daily allocation and replenishment decisions that retailers have to make in order to ensure they hold the correct amount of stock at any point in time and can sell it…

Link to Full Article: Nextail raises .6M to help retailers optimize stock levels

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