• Presto Ventures exits Inventoro to Cin7
• Inventoro provides accurate AI-driven inventory insights and forecasts
• The new acquisition is a perfect addition to Cin7’s inventory management suite

In early May, American inventory management platform Cin7 announced the acquisition of the Czech AI-powered inventory forecasting solution provider Inventoro. The new acquisition is a perfect complement to Cin7’s suite of inventory management products.

The Path to the Deal

It estimated that overstocking and similar inventory inefficiencies can drive up to USD 163B in losses per year globally, and this is the problem that Cin7 tackles. Ajoy Krishnamoorthy’s appointment as the new CEO was meant to fuel the platform’s growth through the expansion of product offerings.

‘Our products are mission critical to our customers’ growth. By combining our customer’s passion for their products with strategic integrations, differentiated product capabilities, a thriving partner ecosystem, and our strong team, we are well-positioned to deliver on our strategy,’ Mr Krishnamoorthy stated at the time.

Inventoro’s co-founder Radim Jung tells ITKeyMedia that all Cin7 acquisitions are looked at from the perspective of the whole portfolio, how it fits the overall vision, customer appetite, and product needs. Cin7 looked at all these criteria and evaluated their options on the market, ultimately coming to a conclusion of giving Inventoro an offer as it best fit the needs, opportunities, and overall direction.

‘Cin7 considered many paths including other players and developing in-house before deciding on the acquisition of Inventoro. They eventually chose Inventoro for our platform, proprietary algorithm, and our team,’ Mr Jung says.

The Ultimate Option from CEE

Inventoro’s innovative AI-powered forecasting technology accurately predicts future product demand and provides daily updates on key optimization performance and insights. This provides a valuable addition to Cin7’s feature set. The actionable insights and increased visibility into performance provided by the combined capabilities help customers optimize performance across channels and minimize impacts from overstocking and other inventory setbacks.

Czech Republic’s proactive VC fund Presto Ventures was Inventoro’s initial investor who exited the startup to Cin7. According to the fund’s founder and managing partner Přemysl Rubeš, Presto Ventures was built with the goal of supporting talented tech founders in the CEE region and helping them propel their smart solutions worldwide.

‘We celebrate the sale of Inventoro as an important milestone in fulfilling our vision. It’s yet another confirmation that Czech entrepreneurs have much to contribute to the global technology market,’ Mr Rubeš comments.

The Global Benefit

Inventoro’s founder and CEO Tomas Formanek recalls that their team bonded with Cin7 immediately since day one, and the deal is a natural progression. He is convinced that the two products jointly amplify efforts to help SMB product sellers and manufacturers, ultimately connecting them to one large, efficient supply network with reduced waste and support for local economies. 

‘Inventoro’s AI forecasting and optimization capabilities are a perfect complement to Cin7’s robust inventory management solutions. Together, we’ll provide customers with unprecedented inventory intelligence so they can maximize sales, minimize excess stock, and make informed decisions across their operations,’ Mr Krishnamoorthy adds.

Powered with Inventoro’s powerful AI agent, Cin7’s end-to-end inventory management software provides sellers with a great competitive advantage in the form of invaluable visibility into their product availability and inventory capital, enabling them to make prompt and efficient decisions in a way that was previously impossible.

The Cin7 product suite becomes a reliable business companion, providing useful hints on optimization and opportunities for growth – seamlessly, at the right time and right form, bringing forth the future of inventory intelligence.