AI platform provider Advise raises 1.55m for global expansion [Video]

Advise, a Dublin-based data analytics and AI platform provider targeting retail manufacturers, has raised €1.55m in funding as it aggressively pursues international growth.

The funding round comes after a year in which Advise increased revenue by 250%, and the company plans to double its headcount over the next 12 to 18 months.

Advise is encouraged by the trajectory of the global consumer goods market following a turbulent few years with Brexit, Covid and geopolitical uncertainty.

The firm’s growth has been driven by manufacturers seeking data-driven solutions for their operations to grow their margins and improve pricing strategies with retailers such as new product development, promotional and non-promotional pricing, and discounts and offers.

Advise was founded by Dr Kevin McCarthy and John Phelan and has developed an AI-powered SaaS platform that brings together sales, inventory and customer data from multiple sources.

In doing so, the platform provides manufacturersand brand owners with actionable insights to grow their market share and develop pricing …