The Forecasting Company
Developing foundation models that predict any time-series data, similar to ChatGPT but focused on forecasting.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
$125k | Seed | ||
| Total Funding | 000k | ||
Related Content
Established in 2024, The Forecasting Company is a Paris-based firm developing enterprise-grade, plug-and-play forecasting systems. The company was founded by Geoffrey Negiar and Joachim Fainberg, both of whom possess extensive backgrounds in machine learning and data science. Negiar, the CEO, holds a PhD from UC Berkeley's BAIR lab and has experience building forecasting systems at Amazon Forecasting Science, Google Brain, and Bloomberg LP. Fainberg, the CTO, earned his PhD in machine learning from the University of Edinburgh and has held roles at JPMorgan's Machine Learning Center of Excellence, as well as ML-focused positions at startups.
The firm addresses the challenge of unreliable and resource-intensive time-series forecasting, which often fails to predict sharp fluctuations in business activity. The Forecasting Company's core offering is a platform built on in-house foundation models, such as their t_0 model, designed to deliver precise predictions across any time series data. This system leverages the same core technology behind the recent explosion in Large Language Models (LLMs) and is trained on a massive dataset of time-stamped data from various industries. Clients can upload their historical data and use the platform's API for easy integration into their existing workflows, receiving forecasts without the need for their own data science teams.
The business model is centered on providing this advanced forecasting system to enterprise customers across sectors like logistics, retail, manufacturing, and pharmaceuticals. The service helps businesses optimize supply chains, manage inventory, plan production schedules, and allocate resources more effectively. By offering a flexible and accurate forecasting tool that can incorporate user-provided variables, the company enables businesses to make better operational decisions. The Forecasting Company is a Y Combinator-backed startup and secured $500K in a seed funding round.
Keywords: time series forecasting, foundation models, predictive analytics, enterprise software, supply chain optimization, demand forecasting, inventory management, production planning, machine learning, AI forecasting, financial forecasting, logistics planning, retail analytics, manufacturing operations, pharmaceutical forecasting, Y Combinator, plug-and-play forecasting, big data analytics, operational decision-making, resource allocation