HIVERY has secured $30.0 million in new investment capital from investors. The company is recognized as a pioneer in next-generation hyper-local retail assortment strategy simulation and optimization analytics. Its flagship offering, HIVERY Curate, leverages advanced machine learning models and store-level data to assess strategies based on real-world limitations, empowering businesses to identify and seize growth opportunities with complete transparency. These proprietary machine learning and applied mathematics algorithms were co-developed and acquired from Australia's national science agency, CSIRO's Data61.
This funding round marks a significant milestone for HIVERY, providing substantial capital to accelerate its strategic objectives and capitalize on the increasing demand for sophisticated, data-driven retail solutions. The $30.0 million investment underscores investor confidence in HIVERY's proprietary technology and its potential to transform retail planning.
The capital will be primarily directed towards expanding the company's technological capabilities, enhancing its product offerings, and extending its market reach into new territories. These funds are expected to support further research and development in machine learning and applied mathematics, ensuring HIVERY maintains its position at the forefront of retail optimization and continues to deliver measurable value to its global client base.
Founded on the vision that Data Has A Better Ideaâ„¢, HIVERY is poised to further realize this mission. With this new investment, the company plans to continue working with its clients to uncover the full potential of their data, driving significant business outcomes and shaping the future of retail assortment strategy.
