Turkish Startup RNV.ai Completes $1.1M Funding Round

Gökhan Yücel, RNV.ai CEO

AI-powered retail solutions provider RNV.ai has completed its first funding round, raising $1.1 million with participation from Inveo Ventures, Türkiye Kalkınma Fonu, Arz Portföy, Maxis Ventures, and Maxis 100. Yıl GSYF, representing Yapay Zeka Fabrikası.

Founded in 2020 by Gökhan Yücel and Ahmet Kayıran, RNV.ai specializes in demand forecasting, inventory optimization, and operational efficiency enhancements. Its solutions address common retail challenges, such as stock management and customer satisfaction, through data-driven approaches.

Key solutions include:

• Demand Forecasting: Algorithms analyze sales trends, seasonal shifts, and consumer behavior to optimize inventory and reduce costs.
• Inventory Optimization: Automates inventory allocation, capacity management, and product placement, ensuring availability in the right locations.
• Operational Efficiency: AI models provide actionable insights for supply chain optimization and cost reduction.
• Real-Time Data: A user-friendly dashboard offers dynamic insights to improve decision-making across all organizational levels.

CEO Gökhan Yücel stated, “This investment accelerates our mission to lead digital transformation in retail through AI. We thank our users, investors, and team for their support.” CTO Ahmet Kayıran added, “This funding drives our global growth and motivates us to develop new technologies for efficiency and sustainability.”

With this investment, RNV.ai aims to expand globally, bringing innovative AI-driven solutions to more retailers and unlocking the sector's potential in competitive markets.

Source: egirişim