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INTERNET | Internet Software & Services / Information Providers & Portals
athenium.com

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Stage

Series B - II | Alive

Total Raised

$36.29M

Last Raised

$3.54M | 4 yrs ago

About Athenium Analytics

Athenium Analytics delivers global climate intelligence by providing gap-free data formed by an extensive collection of historical, current and forecasted weather content, coupled with proprietary analytics and methodologies. Athenium Analytics finds, assembles, cleans and formats weather data from around the world and delivers information that is directly accessible in an online database for decision support.

Athenium Analytics Headquarter Location

1506 19th Street, NW Floor 3

Washington, DC, 20036,

United States

888-320-7693

Latest Athenium Analytics News

Mi9 Retail and Planalytics Partner to Improve Demand Forecasting Accuracy and Increase Profitability for Retailers by Incorporating Weather Analytics

Mar 22, 2021

Share Mi9 Retail, the number one vendor for tier one retailers that enables them to automate and optimize merchandise management and retail planning is pleased to announce a strategic partnership with Planalytics , the leading provider of weather-informed demand analytics and insights. Weather is a highly volatile, continuous, and directly impactful external demand driver for retail businesses. The weather influences where people go, the activities they pursue, and their buying behavior. Planalytics provides businesses with visibility into this critical demand information with metrics that isolate and quantify weather-based shifts in consumer purchasing. By integrating Planalytics’ weather impact insights into the Mi9 Retail demand forecasting solution, retailers can better position their businesses to both capitalize on sales opportunities and manage the costs created by variable weather patterns. “This partnership bolsters Mi9’s strategy of expanding our third-party signals capabilities in order to help our retail customers adapt to future events and mitigate supply chain disruptions,” says  Neil Moses, CEO of Mi9 Retail. By incorporating weather information into their forecasts, retailers can realize annual forecast accuracy improvements of up to 30 percent for specific products, time periods, and locations. In the area of inventory optimization alone, these forecast accuracy gains translate into measurable benefits: As much as a 2 percent increase in total topline sales as the result of improved availability Up to 70 basis points of additional profit due to increased sales and reduced inventory costs (e.g., carrying costs, markdowns, shrink, etc.) “The partnership between Mi9 and Planalytics enables businesses to proactively manage the never-ending volatility of weather and capture quantifiable and sustainable benefits,” says  Scott Bernhardt , Planalytics President. “The power of our technical integration allows Mi9 customers to quickly realize substantial gains that seamlessly scale across their entire business.” Several leading global retailers in the fashion/apparel and cosmetics verticals have already decided to take advantage of this partnership and incorporate weather-driven in their existing Mi9 Retail environments.

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Research containing Athenium Analytics

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CB Insights Intelligence Analysts have mentioned Athenium Analytics in 2 CB Insights research briefs, most recently on Aug 26, 2020.

Expert Collections containing Athenium Analytics

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

Athenium Analytics is included in 6 Expert Collections, including P+C Insurance Tech.

P

P+C Insurance Tech

188 items

A

Agriculture Technology (AgTech)

1,593 items

Companies that are using technology to make farms more efficient.

b

big data

1,068 items

I

InsurTech

1,542 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

P

P&C Claims Management Value Chain

128 items

F

Fintech

6,946 items

US-based companies

Athenium Analytics Patents

Athenium Analytics has filed 6 patents.

The 3 most popular patent topics include:

  • Numerical climate and weather models
  • Agricultural pest insects
  • Agriculture
patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/27/2018

3/30/2021

Automated severity-based risk scoring for ice storms and freezing rain

Nor'easters, Qualitative research, Weather hazards, Precipitation, Weather warnings and advisories

Grant

5/4/2017

12/3/1950

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5/17/1975

7/23/1972

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2/24/1991

3/29/1989

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1/19/2020

7/28/2005

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Application Date

11/27/2018

7/21/1989

7/12/2012

2/23/1971

1/7/2015

Grant Date

3/30/2021

6/23/1996

2/18/2020

2/16/1952

12/20/2020

Title

Automated severity-based risk scoring for ice storms and freezing rain

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Related Topics

Nor'easters, Qualitative research, Weather hazards, Precipitation, Weather warnings and advisories

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Status

Grant

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Athenium Analytics Web Traffic

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