Remi

Founded in 2014 by Calum Hamilton, Eamonn Barrett, Alasdair Hamilton, and Shahrad Jamshidi, Remi.ai operates as an artificial intelligence research firm headquartered in Australia. The company directs its focus on moving beyond narrow AI to develop general artificial intelligence, drawing inspiration from neuroscience to design algorithms that emulate the complex functionalities of mammalian brains. A primary objective is to make the sophisticated AI methodologies used by Fortune 100 companies accessible to a broader range of businesses, particularly in the retail and e-commerce sectors.

The company's business model is structured around two core segments: Bespoke Projects and Platforms, both supported by a foundation in ongoing research. Revenue is generated through private consulting and licensed service offerings. This dual approach provides direct insight into the challenges businesses face, ensuring the developed platforms are relevant and effective. In June 2021, Remi.ai completed its first external capital raise with Boab AI, an accelerator program, to help scale the business and accelerate product development.

Remi.ai's platform offerings have emerged from its bespoke project work, addressing key operational needs in the market. The main products include a Supply Chain AI platform, a Price Optimisation tool, and a Demand Forecasting service. The supply chain platform provides decision-making support by offering AI-powered forecasting, replenishment optimization, and what-if analysis through simulation. It utilizes custom-built AutoML management, where each product is assigned a unique forecasting algorithm that considers numerous variables like weather, promotions, and global events to deliver probabilistic forecasts. This system is designed to increase cash flow, boost revenue, and has been shown to reduce backorders by up to 70%. The AI Pricing Platform is an all-in-one tool for margin optimization, competitor analysis, and real-time pricing, which has helped clients achieve significant revenue and profit growth.

Co-founder Eamonn Barrett's background includes experience in healthcare, business, and finance, which led him to a role in procurement for a global healthcare company, sparking his introduction to the supply chain. This experience informs his current role in Sales and Corporate Development at Remi.ai, where he works with global retailers and manufacturers to automate key supply chain activities.

Keywords: AI research, general artificial intelligence, neuroscience-inspired algorithms, supply chain AI, price optimisation, demand forecasting, machine learning platform, e-commerce solutions, retail technology, AutoML management, replenishment optimization, what-if analysis, inventory management, probabilistic forecasts, dynamic pricing, bespoke AI projects, AI consulting, Calum Hamilton, Eamonn Barrett, Boab AI