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5 initiatives in the retail sector received an investment of 4.5 million dollars

REM People, which provides artificial intelligence-based image recognition technologies and retail analytics services to more than 50 countries, has grown its goals with its recent investment. Targeting to become an artificial intelligence-based retail technology center, REM People has allocated $4.5 million of funding to 5 technology startups it can collaborate with.

Founded in 2015 by tech entrepreneurs with experience in retail and technology, REM People has developed over the years and has become a new generation retail analytics company offering artificial intelligence-supported omni-channel retail analytics and sales efficiency solutions in 6 steps. Serving leading brands in the field with software developed entirely by Turkish engineers, REM People aimed to become a global leader and has grown its goals after receiving the investment. Following the investment, REM People is implementing a plan to support the startup ecosystem. The company, which aims to become an artificial intelligence-based retail technology center this year, has allocated a fund of $4.5 million to invest in 5 technology startups it can collaborate with.

Having received $12 million of investment, in the early days, REM People provided measurement, technology, and retail analytics services for the physical world of retail, said CEO Bülent Peker, and added that they expanded their scope to include printed media and digital channels in later years. Peker emphasized that today REM People operates as a new generation retail analytics company, and with its achievements, it drew the attention of global investors, receiving $12 million of investment from Ethos Asset Management, a US-based investment firm, earlier this year.

The new technology ‘hub’ of retail

Amidst difficult times for both the world and Turkey, REM People, which has received a $12 million investment, will transform into a retail technology center according to its growth plan consisting of three stages and supported by US-based investor Ethos Asset Management. As part of our growth plan, REM People will become a center that provides integrated solutions based on artificial intelligence. On one hand, it will accelerate its global expansion, R&D, and new product development in its field, while on the other hand, it will also invest in some complementary start-ups and technology ventures that can offer joint solutions. REM People CEO Bülent Peker said, “As part of this goal, we will invest approximately $4.5 million in 4 or 5 early-stage technology ventures we are discussing with. Thus, the growth plan will be put into effect step by step within the scope of REM People’s 2035 vision.”

Regional leadership goal by 2030

REM People started its journey in Istanbul in 2015 and continued by opening regional offices in Dubai (UAE) in 2018 and London (UK) in 2022. REM People’s first and most important goal for 2023 is to expand its service geography by activating regional offices in Singapore, the USA, Denmark, Saudi Arabia, and Nigeria. By the end of 2027, it will continue its operations with 28 regional offices in 25 countries. By 2030, REM People will be the largest and leading retail analytics company in the Europe, Middle East, and Africa (EMEA) region. It will move towards its goal with the inclusion of employees from different cultures in the software developed by Turkish engineers.

Source: (BYZHA) Beyaz Haber Ajansı


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