Kyle
Motorola Solutions Venture Capital, the VC arm of Motorola Solutions, has participated in a $2.6 million dollar round of financing for Retailigence Inc.
Retailigence Inc has partnered with 70 major retail firms to date. Their client base, which encompasses big names like Whole Foods, H&M and Nordstrom, just to name a few, gives Retailigence access to their inventory systems. Retailigence then extrapolates that data from the inventory systems and pushes it to the cloud. Once in the cloud apps like Shopsavvy, Pic2Shop and Layar access the data to offer end users real-time inventory data on the items they are searching for.
Retailigence has 20 employees at their Palo Alto headquarters. They are going to use this round of financing to improve analytics, and expand their reach into Asia.
“They have a great vision and the kind of data analytics that retailers want,” said Reese Schroeder, a managing director of Motorola Solutions Venture Capital. “We have a very broad reach into the market with so many retail customers. There’s a lot of opportunity for us to collaborate on bringing some of these next-generation solutions to our customers.”
Source: WSJ
