Jenz lands €540K four months after hackathon win to streamline retail operations

Norwegian AI startup Jenz secured €540,000 in pre-seed funding from Antler and Ada Ventures, following their victory at the Norway AI Hackathon in June. The company, founded by Remi Bjørnestad, Jo Schou Sandåker, and Natnael Belete Seifo, is developing an AI-powered platform to streamline retail operations. Jenz aims to connect fragmented data from various systems, such as e-commerce, point-of-sale, inventory, accounting, and marketing tools, into a single structured layer.

This enables the AI agent to analyze sales and inventory data, forecast demand, evaluate pricing and marketing strategies, and automate routine tasks. Retailers often struggle to adopt AI due to the complexity of managing diverse data sources and ensuring the AI uses reliable information. Jenz's platform addresses these challenges by automating tasks and providing actionable insights.

The company is currently piloting its solution with online retailers and businesses operating multiple physical stores, handling over 3,000 tasks across 20+ back-office systems. Early results include up to 100 hours of work saved in the first month and a 31% increase in team capacity for one retailer. Jenz relocated from Kristiansand to Oslo and joined Antler's residency programme after winning the hackathon, with plans to expand beyond the Nordic region, including a UK launch within nine months.