The Forecasting Company Analysis: $500K Raised
What is The Forecasting Company?
The Forecasting Company builds a foundation model for forecasting and markets Retrocast as its browser-based forecasting product. The company says it can forecast sales, sensors, logistics, retail, manufacturing, energy, and pharmaceuticals using model inference, back-testing, and an API. Its founders are Geoff Négiar and Joachim Fainberg, and the company says it is based in Paris.
Location
Paris, France
Employees
11-50
Founded
2024
Product Features & Capabilities
- predict any time series data, precise predictions across various time series, upload any time series data, compare with top open source options, predict from any point in time, prediction horizons for various time frames, model inference for future trends, back-testing for historic data analysis, applications in logistics, retail, manufacturing, energy, and pharmaceuticals.
How much The Forecasting Company raised
1: - $500K
August 31, 2024Lead Investor: Y Combinator
Who are the founders of The Forecasting Company
GN
Geoffrey Negiar
Founder & CEO
JF
Joachim Fainberg
Founder & CTO
Investors
- Benhamou Global Ventures
- Davidovs Venture Collective
- iSeed Ventures
- Kima Ventures
- No Label Ventures
Market Focus
The Forecasting Company primarily focuses on providing predictive analytics solutions across various industries, including logistics, retail, manufacturing, energy, and pharmaceuticals.
Competitors Overview
The main competitors of The Forecasting Company in the predictive analytics and time series forecasting market include:
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Nixtla:
- Overview: Nixtla focuses on democratizing access to advanced forecasting and anomaly detection tools. It offers a user-friendly platform that allows businesses to implement state-of-the-art predictive insights.
- Notable Differences/Advantages:
- Nixtla provides an open-source forecasting package that accelerates model benchmarking and development, making it accessible for practitioners.
- The platform emphasizes advanced anomaly detection capabilities, which can enhance decision-making based on accurate predictions.
-
C3 AI:
- Overview: C3 AI offers a comprehensive platform that integrates enterprise data and manages machine learning models at scale. It is designed for deploying AI applications as fully integrated solutions.
- Notable Differences/Advantages:
- C3 AI's platform allows for the integration of all enterprise data, which can be a significant advantage for organizations looking to leverage their existing data infrastructure.
- The ability to manage machine learning models at scale is a key feature, enabling businesses to deploy predictive analytics solutions efficiently.
These competitors highlight different strengths in the market, with Nixtla focusing on accessibility and advanced features, while C3 AI emphasizes integration and scalability.
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