Linear Squared

Linear Squared, a Sri Lankan tech company founded in 2015, specializes in creating AI and machine learning-driven products for business analytics. The company was established by Mohit Pande, Rajith Munasinghe, and Sankha Muthu Poruthotage, who also serves as the CEO. The founding team combines deep industry and academic experience; Poruthotage holds a Ph.D. in Statistics, while Pande is a tech industry leader with prior senior roles at Google and Microsoft across India and Southeast Asia. The firm's vision was to make sophisticated machine learning and big data solutions accessible to non-technical users, converting complex data into actionable insights.

The company's flagship product is FORECAST², a Forecasting as a Service (FaaS) platform that provides highly scalable, multi-variant forecasting. This SaaS solution allows users to generate thousands of forecasting models rapidly, enabling businesses to perform sales forecasting, demand planning, and inventory optimization. Another key offering is CAPACITY², an AI-driven planning assistant specifically designed for the apparel industry. Linear Squared operates on a pay-per-usage SaaS model, making its advanced analytics platforms affordable and easily deployable for a diverse client base that includes the CPG, grocery retail, apparel, financial services, and telecom sectors. Notable clients have included Dialog Axiata, Sunshine Holdings, and GlaxoSmithKline (GSK).

In January 2022, Linear Squared was acquired by Algonomy, a Bangalore-based AI and algorithmic decisioning software company. The acquisition was driven by Algonomy's goal to integrate Linear Squared's demand planning and forecasting technology into its own retail merchandising and supply chain solutions. The deal also brought Linear Squared's team of approximately 40 AI and ML engineers to Algonomy, with the intention of establishing an AI and ML engineering center of excellence in Sri Lanka. Prior to the acquisition, Linear Squared had secured funding from institutional investors including BOV Capital and Hyperion Ventures.

Keywords: demand forecasting, forecasting as a service, machine learning, inventory optimization, supply chain AI, CPG analytics, retail analytics, demand planning, AI planning assistant, SaaS business solutions, business forecasting, financial planning, data science solutions, advanced analytics, apparel industry planning, big data technologies, algorithmic merchandising, ready-to-action insights, multi-variant forecasting, collaborative intelligence