What is Nextail? Nextail Review

Basic Introduction

Founded in 2014 and headquartered in Florida, Nextail is committed to providing SaaS-based inventory solutions for retail customers. The company introduces artificial intelligence technology into physical retail store inventory management, allowing users to use smartphones to manage store and product flows. Nextail uses fast fashion optimization algorithms, combined with large-scale cloud computing, to assist retailers in optimizing daily goods distribution and inventory replenishment decisions, better coordinating supply and demand, and ensuring that the appropriate inventory level is maintained at all times and sold at original prices. This can greatly reduce logistics costs and improve customer satisfaction.

E-commerce platform

Nextail Connect is Nextail's e-commerce platform, which was launched in November 2016. It is a new platform and has stricter review.

At the beginning of the launch, there were only 7 sellers selling nearly 10,000 products on NextailConnect, covering 20 different categories of products. NextailConnect has increased the number of sellers to nearly 35 and is still recruiting merchants.

Development History

In September 2016, Nextail, an inventory solution provider, announced the completion of a $1.6 million financing led by Nauta Capital and participated by seed round investor Realiza. The company plans to use this round of financing to advance product development and improve product marketing performance.

In 2016, sales rose by 30% to 173 million euros.

References

• 1. Nextail received $1.6 million in financing to solve inventory problems based on SaaS: 36kr [cited on 2016-09-17T16:00:00.000Z]
• 2. Promote innovation and reform in the fashion retail industry (Internet celebrity show): Baijiahao [reference date 2020-03-31T16:00:00.000Z]