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relexsolutions.com

Founded Year

2005

Stage

Growth Equity - IV | Alive

Total Raised

$792.36M

Valuation

$0000 

Last Raised

$568.43M | 6 mos ago

Mosaic Score

+10 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About RELEX

RELEX provides an integrated retail and supply chain planning system. The company offers a platform for demand planning, merchandising, supply chain, retail operations and more. It serves retail enterprises globally. The company was formally known as RELEX Solutions. It was founded in 2005 and is based in Helsinki.

RELEX Headquarters Location

Postintaival 7

Helsinki, FI-00230,

Finland

+358 (0) 20 743 5730

ESPs containing RELEX

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Transportation & Logistics / Supply Chain Tech

Demand forecasting and inventory optimization platforms utilize sales data and other relevant metrics to drive improvements in the inventory planning process. Startups in the space use prediction engines and supply chain planning algorithms to help retailers improve ordering accuracy, boost sales, and decrease waste.

RELEX named as Leader among 7 other companies, including Brightpearl, Impact Analytics, and ConverSight.ai.

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Expert Collections containing RELEX

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

RELEX is included in 8 Expert Collections, including Store management tech (In-store retail tech).

S

Store management tech (In-store retail tech)

1,967 items

Startups aiming to work with retailers to improve brick-and-mortar retail store operations.

S

Supply Chain & Logistics Tech

4,054 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

U

Unicorns- Billion Dollar Startups

1,182 items

C

Conference Exhibitors

5,302 items

R

Retail Tech 100

100 items

The winners of the 2020 CB Insights Retail Tech 100, published December 2020.

P

Pharma Supply Chain

99 items

Private companies that are addressing 11 distinct technology priorities across the pharmaceutical supply chain.

Latest RELEX News

Former Amazon employee talks forecasting and assortment challenges and RELEX move

Jul 8, 2022

Between 2019 and 2021, Sebron H served as Inventory Manager at Amazon.Nowadays, he’s a Business Consultant | Global KPI Advisor at RELEX Solutions.And he’s taken to LinkedIn to give an interesting take on how things work at his former employer.“Early on in my time at Amazon, before anyone knew Amazon Fresh stores were going to roll-out to the market, I sat in a meeting where we discussed our forecasting and assortments,” he said.“I spent the entire meeting thinking "this would be so much easier if we just had RELEX". So after the meeting I suggested to a handful of our leadership members that we should simply buy RELEX (like all of it, the entire company - not just a few of their product offerings).”He added: “In hindsight, it's lucky for me we didn't! I spent two years knowing that no fancy in house build would be able to replace the ease and accuracy of RELEX.”“Eventually, the decision was easy, and I joined the company at the end of 2021. Brag fully intended - my timing was exceptional.”  How can #MachineLearning work for your business and its unique #Retail demand planning challenges?In our on-demand #webinar, RELEX experts discuss how machine learning can solve retail's most complex demand forecasting challenges.https://t.co/jySk1iD4KY#supplychain #ai pic.twitter.com/B3FTUumq1h— RELEX Solutions (@RelexSolutions) July 1, 2022 He went on to discuss “an incredible year”, with highlights including raising €500 million in a funding round led by Blackstone Growth, valuing the company at €5 billion and landing a number of new clients.He concluded: “I love supply chain. I enjoy the challenge of never knowing what new obstacle the market has waiting around the corner. TikTok trend? Pandemic? Another weird flavour of customer voted Lay's? Turning apples into apple juice before spoilage (anyone else watch Jack Sinclair’s TEDxTalk)?”
“I want everyone to have the opportunity to manage the best supply chain. I want people to spend less time on forecast adjustments and more time exploring their customer buying trends, imagining new product opportunities.”“I want team members to feel empowered by owning business areas with healthy in-stock levels, low scrap impacts, and the opportunity to utilise open dollars with intention. I want everyone to experience RELEX!”Responding to the LinkedIn post, supply chain consultant, Brittain Ladd, gave his own experience of working at Amazon. “I was in a similar situation. The process for identify where to open distribution centres to support Amazon Fresh was needlessly complex,” he said. “I recommended to buy LLamasoft. That wasn’t approved. I then recommended that we purchase user licences for Supply Chain Guru, the company’s product. That wasn’t approved.”He continued: “I went ahead and contracted resources from LLamasoft anyway to build network optimisation models. We did more in two months using Supply Chain Guru than the team responsible for opening Amazon Fresh distribution centres could have done in one year.”“I’m glad things have turned out well for you, Sebron. I think very highly of RELEX.”

RELEX Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
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  • When was RELEX founded?

    RELEX was founded in 2005.

  • Where is RELEX's headquarters?

    RELEX's headquarters is located at Postintaival 7, Helsinki.

  • What is RELEX's latest funding round?

    RELEX's latest funding round is Growth Equity - IV.

  • How much did RELEX raise?

    RELEX raised a total of $792.36M.

  • Who are the investors of RELEX?

    Investors of RELEX include Blackstone, Technology Crossover Ventures, Summit Partners and Horizon 2020.

  • Who are RELEX's competitors?

    Competitors of RELEX include Afresh, Shopventory, HIVERY, CognitOps, Flexe, ConverSight.ai, Flowlity, Scandit, Crisp, Focal Systems and 43 more.

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