Garvis BV

Founded in 2020 by its Chief Executive Officer, Piet Buyck, Chief Product & Customer Officer, Anupam Aishwarya, Chief Architect, Ranjith Narayanan, and Chief Technology Officer, Geert-Jan Van Den Bogaerde, and based in Antwerpen, Belgium, Garvis BV, operates as a bionic demand planning platform that provides a machine learning process for stock optimization systems. In September 2022, Garvis BV raised EUR 3. 5 million in venture funding led by SuperSeed, with participation from other investors, Robert Bosch Venture Capital, and Scalebridge Capital. As of 2022, the company has a client base of more than 40 companies like Mega Food, Alliance Healthcare, Serax, and many more.

In September 2023, Logility, Inc. agreed to acquire Garvis BV. Financial terms were not disclosed. The company offers an artificial intelligence (AI)-based demand planning system that allows companies to forecast, review, and analyze shipments.

The company also provides actionable demand sensing, and immediate implementation reduces forecast errors and optimizes stock-and service levels. It allows users to segment SKUs (stock-keeping units) and simplifies replenishment. The company generates revenue by charging various monthly fees that vary, such as the Garvis Starter Pack (EUR 1. 000-EUR 3.

000), and Garvis Smart (EUR 1. 250-EUR 3. 750). The company will use the September 2022 funding to develop its AI (artificial intelligence) platform.