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.

Company Growth (employees)
Type
Private
HQ
Boston, US
Founded
2013
Size (employees)
45 (est)+10%
Website
celect.com
Celect was founded in 2013 and is headquartered in Boston, US

Celect Office Locations

Celect has an office in Boston
Boston, US (HQ)
129 South St

Celect Data and Metrics

Summary Metrics

Founding Date

2013

Total Funding

$15.2 m

Latest funding size

$10 m

Time since last funding

5 months

Investors

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

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Celect Online and Social Media Presence

Celect Company Life and Culture

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