The AI retail inventory tracking platform has closed a series A round that included telecoms and retail group Sonae's corporate venturing unit.

Nextail Labs, a Spain-based developer of inventory planning and merchandising software for retailers, has completed a $10m series A round backed by Sonae IM, retail and telecoms group Sonae’s venture capital arm.

The round also featured Keen Venture Partners and Nauta Capital, the latter having led Nextail’s $1.6m seed round in September 2016. The seed round included Realiza and increased the company’s total funding to $2m.

Founded in 2014, Nextail has created a cloud-based software platform that uses artificial intelligence…