Logile, Inc., a leading provider of retail labor planning, workforce management, inventory management, and store execution, announced today that it has closed a Series A investment from Sixth Street Growth, the growth investing division of Sixth Street, a leading global investment firm.
The funding will use to accelerate the company’s market and vertical expansion, grow the team, and fuel the development and enhancement of the company’s client solutions.
Logile’s all-in-one forecasting, labor, and inventory management platform enables highly accurate forecasting while also integrating a store-level solution for planning, scheduling, optimization, and execution. Logile’s solutions enable retailers to optimize the two most important controllable store expenses, labor and inventory, by ensuring that they always have the right employee in the right place at the right time, and the right inventory on the shelf at the right price.
Founded in 2005, Logile is the leading retail labor planning, workforce management, inventory management, and store execution provider deployed in thousands of retail locations across North America, Europe, Asia, Australia, and Oceania. Our proven AI, machine-learning technology and industrial engineering accelerate ROI and enable operational excellence with improved performance and empowered employees. Retailers worldwide rely on Logile solutions to boost profitability and competitive advantage by delivering the best service and products at optimal cost.