| Founded | 2013 |
|---|---|
| Closed | 2019 |
| Country | USA |
| Sector | Ai |
| Collapse type | Acqui-hire |
| Founder | Vivek Farias, Devavrat Shah |
Celect
"MIT-born inventory AI sold to Nike before it could prove it could sell to anyone else."
Key Events Timeline
Celect, co-founded by MIT professors Vivek Farias and Devavrat Shah in Boston, raised $26M to apply predictive demand analytics and inventory optimization for omnichannel retailers including Lilly Pulitzer and Express.
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