REM People will invest 4.5 million dollars in 5 startups

REM People, which provides retail analytics services with AI-based image recognition technologies, will invest 4.5 million dollars in 5 tech startups. REM People is expanding its goals to become a retail technology center based on artificial intelligence. The company announced that it will invest in 5 technology startups that it can work with in line with this goal. The company was founded in 2015 by experienced techno-entrepreneurs in retail and technology.

Since its establishment, it has developed into a new generation retail analytics company that offers solutions for sales efficiency in 6 steps with artificial intelligence supported omni-channel retail analytics. The company serves the industry's leading brands with software developed by Turkish engineers. The company has also expanded its goals globally. After the investment, REM People developed a plan to support the startup ecosystem. The company's goal this year is to become an artificial intelligence-based retail technology center.

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REM People will be the Leading Retail Analytics Company in 2030

REM People, established in 2015 in Istanbul, opened regional offices in Dubai (UAE) in 2018 and London (UK) in 2022. The company's first and most important goal for 2023 is to open regional offices in the following locations;

The company will operate in 28 regional offices in 25 countries by the end of 2027. REM People aims to become the largest and leading retail analytics company in Europe, Africa (EMEA) and the Middle East by 2030. The startup will include employees from different cultures in the software developed by Turkish engineers. Thus, it will take more confident steps towards its goals. The company stated that in the early days they offered technology, measurement and retail analytics services related to the physical world of retail.

Bülent Peker, CEO of REM People: In the following years, they expanded their field of activity by including printed media and digital channels. Peker emphasized that REM People is working as a new generation retail analytics company at the point reached today, and said that it attracted the attention of global investors with its achievements and received an investment of 12 million dollars from the US-based investment company Ethos Asset Management at the beginning of this year.

The startup will transform into a retail technology hub according to a three-phase growth plan, which is also supported by its US investor Ethos Asset Management. As part of the growth plan, the startup will become a center that offers integrated solutions based on artificial intelligence. On the one hand, it will accelerate its global expansion, R&D and new product efforts in its own field, and on the other hand, it will invest in some start-ups and technology startups with which it can offer complementary solutions.

Bülent Peker, CEO of REM People, continued his statements as follows: " We will invest approximately 4.5 million dollars in 2023 in 4 or 5 of the early-stage technology startups we are in talks with this goal. Thus, within the scope of the REM People 2035 vision, the growth plan will be put into action step by step."