Tevec is a Brazilian company that applies artificial intelligence to forecast demand behaviour and point-of-sale replenishment.

It has recently sold part of its shares to new investors such as Indicator. Capital and Gávea Angels. For this, it has received 1.2M$.

Artificial Intelligence is increasingly making headlines around the world, especially in South America, where it promises to transform the basis for economic growth.

Brazil is no exception, as evidenced by the movements of corporate finance in the sector in the region.

WHO IS TEVEC?

It is a Brazilian start-up, based in Sao Paulo.

You can visit specialising in Artificial Intelligenceand is a player important for the digital transformation process in the country.

Aware that it can be difficult for small business owners to compete with the big players retailers when it comes to opening a shop, TEVEC offers high-tech solutions with the development of its SeeB4 platform.

Essentially, this solution automates sales behaviour through neural networks.

A fact that makes supply chain forecasting and prediction a much simpler process.

In addition, it also provides recommendations on retailers that need to be replenished.

SEEB4 PLATFORM

SeeB4 democratises supply chain planning for companies of all sizes.

With it, sales forecast calculations and replacement suggestions for each product are analysed by algorithms that ensure stability and efficiency to sell more and better.

This is made possible by the "Perfect Order" service, whereby deep learning functions will make the necessary and correct adjustments to the retail supply.

It should also be noted that users will not pay per subscription, but per item processed.

Precisely for the development of this platform, this November, Tevec sold part of its shares in a round valued at 1.2M$.

GÁVEA ANGELS

These new investors are Indicator Capital and Gávea Angels.

The latter now has more than 50 members.

In the last 17 years, it has made 20 investments across the country, namely in Sao Paulo, Rio de Janeiro and Minas Gerais.

OTHER SIMILAR ROUNDS IN THE SECTOR

COVEO

Coveo, Canadian leader in the enterprise solutions industryhelps companies maximise the benefits of online search.

This intelligent platform securely connects and unifies all information and automatically suggests the most relevant ones.

Recently, it has managed to raise 227M$ in a round led by OMERS Growth Equity.

SHIFT

It is a online marketplace to buy and sell used cars.

Charging a fee for it, Shift acts as a personal counselling serviceHe details the vehicles and their features, arranges test drives and finds potential buyers.

Just a few months ago, this company captured 40M$ in one round, series D.