Celect is a predictive analytics platform that enables retail buyers, merchandisers, planners and inventory analysts to increase sales, margins, and reduce markdowns by placing the right product, in the right place, at the right time - across all channels. By turning big data into smart data, Celect allows retailers to understand how an individual customer shopping at a specific location chooses from an assortment of products. The Celect Choice Engine enables retail buyers, merchandisers, planners and inventory analysts to increase sales, margins, and reduce markdowns by placing the right product, in the right place, at the right time - across all channels. The technology builds on a fundamental advance in customer choice modeling and machine learning called by MIT’s Computer Science and Artificial Intelligence Laboratory.

Type
Private
HQ
Boston, US
Founded
2013
Size (employees)
61 (est)-1%
Website
celect.com
Celect was founded in 2013 and is headquartered in Boston, US
Report incorrect company information

Key People/Management at Celect

John Andrews

John Andrews

CEO
Vivek Farias

Vivek Farias

CTO
Ritesh Madan

Ritesh Madan

VP of Engineering
Rob Desmond

Rob Desmond

VP of Sales
Devavrat Shah

Devavrat Shah

Chief Scientist
Molly Shaw

Molly Shaw

VP of Retail Solutions
Show more

Celect Office Locations

Celect has an office in Boston
Boston, US (HQ)
129 South St
Show all (1)
Report incorrect company information

Celect Financials and Metrics

Summary Metrics

Founding Date

2013

Total Funding

$15.2 m

Latest funding size

$10 m

Time since last funding

a year ago

Investors

Celect's latest funding round in February 2017 was reported to be $10 m. In total, Celect has raised $15.2 m
Report incorrect company information