The New York-based tech firm helping retailers and brands operate with greater efficiency plans to open its first European office in Luxembourg.
Verneek, the deep-tech enterprise AI company, plans to expand its European business by establishing an office in Luxembourg.
This would be the New York-based company’s first office in Europe. The maneuver is subject to final agreements, so details on the timing of the opening and staffing were not available at this time.
“Retail and wholesale together are Europe’s largest private-sector employer. Companies across the sector face mounting operational headwinds — the kinds of challenges our AI-native operating platform is designed to address,” Dr. Nasrin Mostafazadeh, cofounder and chief executive officer of Verneek, said in a statement. “We are excited to support our European retail partners more closely as we work to establish our first European office.”
Mostafazadeh said the expansion would give Verneek “a strong foundation for global growth and advances our mission to help Europe’s consumer enterprises grow their top line, optimize their bottom line and delight shoppers, as we have done for years in the U.S.” She founded Verneek five years ago with her husband, Dr. Omid Bakhshandeh.
They indicated they selected Luxembourg because of its central location in Europe, multilingual business and technology community, connectivity to major markets, and active role in shaping and implementing European Union-wide policies and solutions.
Luc Decker, consul general of Luxembourg in New York, said in his statement: “Verneek’s intention to establish its first European office in Luxembourg represents an opportunity to build local expertise and help European businesses put artificial intelligence to practical use.
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