Less than three years after its founding, the promising AI planning tool Garvis is being acquired by Logility, an American group based in Atlanta. Logility specializes in software that allows companies to forecast demand, inventory and production data.
Garvis grew from a collaboration with computer science professor Serge Demeyer, technically making the startup a spin-off company from the University of Antwerp. CEO and founder Piet Buyck turned it into a success story by combining the planning tool with language modeling (ChatGPT) and machine learning technology.
Garvis had a fast start thanks to Start it @ KBC, Oracle for Startups and Microsoft’s acceleration program. It also received a loan from Flanders’ private equity company PMV. A year ago, EUR 3.5 million of capital was also injected by two British investment funds – Superseed and Scalebridge Capital – and Germany’s Bosch Ventures