Tuesday, January 18, 2022
HomeStartup newsSonata Software Makes Strategic Investment in AI Startup, Retail10X

Sonata Software Makes Strategic Investment in AI Startup, Retail10X

Retail10x is a retail Artificial Intelligence Software as a Service for the distributors, retailers and consumer packaged goods companies that help them in the real-time supply chain collaboration which improves the operational effectiveness and building customer loyalty.

The platform uses Advanced Machine learning and Artificial Intelligence capabilities to deliver the actionable field level recommendations. Retail10X team has a broad industry experience having worked for some of the leading organizations which include the coke, Walmart, Apple, SC Johnson, IRI, and others.

Srikar Reddy, MD & CEO, Sonata Software said, “Our strategic business partnership with Retail10x brings great value to the customers in our focused vertical of retail, distribution, and CPG by providing them with a platform that leverages the latest in AI, ML and deep learning technologies in accelerating their digital transformation journey. This partnership would further strengthen our singular focus of becoming a digital transformation partner of choice in these verticals.”

Sonata Software has been focusing on what it calls a Platformation strategy, building the end to end digital platforms. This investment will give the Sonata exclusive rights across the globe, to implement and service the R10X platform under its brands.

Prasad K R, CEO of R10x said, “Sonata’s world-class expertise in digital retail and distribution supply chains will give R10x market-leading capabilities in bringing a powerful Retail AI platform to retailers. Distributors and CPG’s. We are excited to build this partnership as Sonata’s worldwide footprint will help accelerate our growth in the US and help R10x enter new markets helping customers realize their digital transformation goals.” Sonata Software has announced that it has made a strategic investment in Retail10x, a Palo Alto, California headquartered Retail10X.

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