PlatformE Acquires AI Start-up to Boost Fashion Supply Chain

The fashion technology outfit co-founded by José Neves plans to use AI to improve made-to-order fashion supply chain. PlatformE, a fashion technology group co-founded by Farfetch's José Neves, is buying start-up Cambridge-based Catalyst AI for an undisclosed sum. According to the announcement, the deal will bring Catalyst AI's machine learning tools for optimizing fashion supply chains to PlatformE's services, which focus on on-demand and made-to-order fashion. "We're delighted to strengthen our capabilities with Catalyst AI's innovative intellectual property, and will benefit immensely from the team's expertise and their network of talent in one of the world's leading data science ecosystems," PlatformE co-founder and chief executive officer Gonçalo Cruz said in a statement. For Catalyst AI co-founder and CEO Raymond Siems, "Gonçalo has an unwavering vision for the future of fashion."