Intelo.ai, the company building the future of retail through its Collaborative Intelligence platform, announced the closing of a $2 million financing round. The round was led by Illuminate Ventures, a premier venture capital firm focused on B2B enterprise software.

This capital infusion will accelerate the development and deployment of Intelo.ai's innovative platform for merchandising and planning. The company is pioneering the use of specialized AI agents that work alongside retail teams, augmenting their skills to dramatically improve forecasting, assortment planning, and inventory management. This funding will be used to expand the product and engineering teams and accelerate the company's go-to-market strategy as it builds towards the future of retail.