Front-line business firm Zebra Technologies on Monday (Aug. 30) said it will acquire Antuit.ai, a retail and consumer packaged goods-based artificial intelligence (AI)-powered Software-as-a-Service (SaaS).
Antuit.ai uses AI and machine-learning algorithms “to ensure its customers have the right product in the right place, at the right time, at the right price based on the current state of the supply chain, store inventory, and consumer demand,” according to the joint announcement.
“Incorporating antuit.ai’s AI-powered demand forecasting solution into Zebra’s SaaS portfolio will enable retailers and consumer products companies to combine planning and execution to optimize margins and drive revenue growth,” the announcement says.
Antuit.ai helps retailers with their omnichannel strategies, with focus on prices and promotions, inventory allocations and order fulfillment.
“Through its synergies with our retail store execution portfolio, the acquisition of antuit.ai will further drive our ability to bring the power of AI to our customers, and meet the demands of today’s consumer,” Anders Gustafsson, CEO of Zebra Technologies, said in the announcement.
“It will also enable us to offer our customers in the CPG industry an analytics, AI and automation solution that supports more efficient planning and operations with greater visibility across the supply chain,” he said.
Antuit.ai will now be Zebra’s planning and demand forecasting module within its retail software portfolio. Zebra’s retail software portfolio also includes Workforce Connect, a communication and collaboration solution for front-line workers, and SmartCount, a self-directed solution for physical inventory and cycle counts.
“The antuit.ai team is excited to join Zebra and will add immediate value by bringing innovation, AI talent and industry experts to help our combined customers optimize inventory, maximize fill rates and increase efficiencies,” Antuit.ai Co-CEO Siva Lakshmanan said in the announcement.
“Our AI solutions will influence planning and bridge the gap to execution, enhancing Zebra’s retail and CPG solutions that address associate productivity and inventory management,” Antuit.ai Co-CEO Yogesh Kulkarni said, per the announcement.
Earlier this month, Zebra Technologies announced it has completed its acquisition of cloud-driven autonomous mobile robot (AMR) startup Fetch Robotics.
Zebra’s 10,000 partners in 100 countries, spanning retail and eCommerce, manufacturing, transportation and logistics, healthcare, public sector and other industries.