aifora adds funding from NRW.Bank and existing sharholders Capnamic.

aifora, a Düsseldorf, Germany-based software developer for the retail industry, announced securing a capital funding round.

The money was raised from the German bank NRW.Bank, joined by existing investors from Capnamic Ventures.

Proceeds will be used to finance further growth and drive forward product development.

aifora, founded in 2018 by David Krings and CEO Thomas Jesewski, developed a SAAS Retail Automation Platform that enables retailers to make the right pricing and inventory management. Their tools use predictive analytics capabilities and a team of data scientists and retail experts, in order to help retailers precisely forecast future consumer demand and simulate various scenarios.