Supply chain automation and optimisation platform Relex Solutions has secured €500 million in a new funding round led by New York-based Blackstone Growth. The new funding will allow the company to embark upon an aggressive recruitment campaign that aims to add hundreds more developers to its existing 400+ member team. To date, Relex Solutions has raised a total of €700 million.
The Finnish company, which was founded in 2005 by three supply chain scientists: Johanna Småros, Mikko Kärkkäinen, and Michael Falck, provides end-to-end retail planning solutions all aimed at helping retailers and brands reduce waste, costs, and manual operations by automation and optimising any number of mission-critical functions.
By employing Relex’s Living Retail Platform retailers are afforded AI at all stages of the business, resulting in unparalleled speed, adaptability, and accuracy.