Vekia

Vekia is a supply chain management software company that enhances procurement processes through advanced artificial intelligence and predictive algorithms, optimizing demand forecasting and stock management for diverse industries. Founded in 2008 by Manuel Davy and headquartered in Lille, France, Vekia specializes in supply chain management software. The company has engaged in 3 deals, with the most recent being a Series B funding round in March 2020 that raised EUR 2 million, led by Wille AG with participation from several other investors. The founder, Manuel Davy, has a history of involvement in developing innovative software solutions.

Vekia specializes in supply chain management software, providing a next-generation Advanced Planning System (APS) that integrates artificial intelligence capabilities with predictive algorithms to enhance demand forecasting, stock optimization, and supply chain automation. Their solution addresses challenges in supply chain management such as demand fluctuations and logistics complexities, and is utilized by various sectors, including retail, e-commerce, consumer goods, and energy, with clients like Engie Home Services. In the most recent year, Vekia reported a revenue of EUR 1,703,427. 10.

The company operates on a subscription-based model, providing tailored software implementations and ongoing support to clients, enhancing procurement decisions through features such as automated order proposals and real-time stock analysis. Vekia plans to leverage the EUR 2 million raised in Series B funding from March 2020 to further develop its APS platform and expand into new geographic markets. Specifically, Vekia targets an expansion into additional European markets by the end of 2021. Recent funding will support enhancements to their product offerings, focusing on improving service delivery and client engagement.