Agilence, Inc.

Agilence, Inc. provides advanced loss prevention analytics and reporting services, helping businesses enhance profit margins by mitigating preventable losses using data-driven insights. Founded in 2006 and headquartered in Mount Laurel, US, Agilence, Inc. specializes in analytics solutions for loss prevention.

It has raised capital through various funding rounds, with the latest being a Growth round of USD 4. 00 mn in October 2021, backed by Wellington Financial. In the same month, Cuadrilla Capital acquired a majority stake in Agilence from several investors including Arrowroot Capital and Aster Capital. CEO Russ Hawkins leads the company's efforts in the analytics sector.

Agilence focuses on providing loss prevention analytics and reporting services through core offerings such as Agilence Analytics and Analytics Plus, which incorporate advanced data analytics and automation tools. Their platform includes case management, audit management, and artificial intelligence features. Agilence serves a range of industries, including retail, restaurants, and hospitality, operating primarily in North America, Europe, and select areas in Asia to address fraud, theft, and compliance challenges. Agilence employs a subscription-based revenue model, allowing clients to pay for ongoing access to its analytics tools.

Customers typically subscribe to various service levels, which include flagship offerings like Agilence Analytics and Analytics Plus. Pricing is adjusted based on client size and needs, focusing on data analysis scope and user access, ensuring continuous support and updates to enhance loss prevention strategies. Agilence plans to bolster its growth platform following a major acquisition in October 2021, aimed at strengthening its service offerings. The company is exploring new markets for expansion, particularly targeting regions in Europe and Asia by 2023.

The recent funding from the Growth round will be utilized to enhance their product suite and expand their geographic reach, ensuring that they can effectively tackle emerging challenges in loss prevention.