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Singapore-based retail analytics company Trax raises $640M Series E led by SoftBank Vision Fund 2 and BlackRock – TechCrunch

Singapore-based retail analytics company Trax raises $640M Series E led by SoftBank Vision Fund 2 and BlackRock
Trax’s co-founders, Joel Bar-El (left) and Dror Feldheim (right), and Trax’s CEO, Justin Behar (center)
COVID-19 forced many retailers and brands to adopt new technologies. Retail analytics unicorn Trax expects that this openness to tech innovation will continue even after the pandemic. The Singapore-based company announced today that it has raised $640 million in Series E funding to expand its products, which combine computer vision and cloud-based software to help brick-and-mortar stores manage their inventory, merchandising and operations. The round included primary and secondary capital, and was led by SoftBank Vision Fund 2 and returning investor BlackRock. Other participants included new investors OMERS and Sony Innovation Fund by IGV. ....

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Trax and Blue Yonder Team Up to Release New Solution for Retailers and Fulfillment Centers

ZinetroN - stock.adobe.com.
Trax and Blue Yonder are partnering together to launch Dynamic Workforce Management to provide retailers and fulfillment centers with real-time demand visibility and a flexible, skilled workforce to solve store issues at scale.
The retail industry is facing a growing number of challenges when it comes to having the right workforce, said Justin Behar, chief corporate development officer at Trax. From unexpected changes in consumer demand, to high employee turnover rates, to fierce competition in the labor market, retailers need a solution to meet the needs of today s reality. Through this partnership with Blue Yonder, retailers now have the ability to meet online order surges without overworking permanent staff, creating a more positive workforce morale and keeping customers happy with stocked shelves. ....

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Trax and Blue Yonder Partner to Launch Dynamic Workforce Management Solution for Retailers and Fulfillment Centers

Posted Jan 19, 2021
Retailers and Fulfillment Centers

Integrated solution combats workforce challenges and increases productivity with an artificial intelligence (AI)-driven, on-demand, experienced retail workforce

DENVER and SCOTTSDALE, Ariz. – Jan. 19, 2021 – Trax, a leading global provider of computer vision solutions and analytics for retail, and Blue Yonder®, a leader in digital supply chain and omni-channel commerce fulfillment, today announced a partnership to launch Dynamic Workforce Management to provide retailers and fulfillment centers with real-time demand visibility and a flexible, skilled workforce to solve store issues quickly and at scale.

By combining Blue Yonder’s advanced forecasting and scheduling capabilities with Trax Flexforce, a 1.4 million-strong, AI-driven, on-demand retail workforce, Dynamic Workforce Management will help retailers successfully navigate current labor challenges. The integrated s ....

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