HIVERY

About HIVERY

HIVERY is a pioneering company specializing in advanced analytics for hyper-local retail assortment strategy simulation and optimization. The company leverages cutting-edge AI algorithms to empower retailers and consumer packaged goods (CPG) companies to optimize their product assortments at the store level. By utilizing proprietary machine learning and applied mathematics algorithms, developed in collaboration with CSIRO's Data61, HIVERY provides actionable insights that help retailers increase sales and profit margins through more effective merchandise assortment planning.

HIVERY emerged from the Coca-Cola Founders Program in 2015, initially addressing the challenge of improving vending machine sales while reducing labor costs. The company's solutions are designed to replace traditional retail research methods, which often rely on limited datasets, with more robust and insightful sales data analysis.

HIVERY serves a diverse range of clients, including major retailers and CPG companies, operating primarily in the retail market. The business model is based on offering software-as-a-service (SaaS) solutions that provide clients with continuous access to their advanced analytics platform. Revenue is generated through subscription fees and service contracts.