OliveAI: AI Driven Dynamic Pricing for the Rental Industry

The company

Rental companies have great difficulty optimizing pricing for renting their equipment. Most simply have “standard” pricing and rely on their salespeople to adjust as necessary. OliveAI uses the latest technology to dynamically suggest optimal pricing. It can account for variables such as inventory levels, weather, historical pattern to arrive at the best price for the rental company.

OliveAi was founded by Robert Gray, the former GM of Volaris’ Wynne Software business. Wynne is a leading provider of software to large rental companies in North America.

The benefits for AssetCore working with VMS Ventures:

With the VMS Fund, OliveAI receives:

• The capital it needs to build out the product and run its initial trials. Plus, access to additional capital through future funding rounds.
• The possibility of integrating directly into some of Constellation’s ERP software companies for the rental industry. OliveAI can be run on its own, but if its pricing algorithms can be seamlessly integrated with a company’s inventory and financial software it becomes even more powerful.
• Access to the expertise of the managers in Constellatoin’s existing Rental Portfolio

Next Steps

OliveAI will use its initial funding to complete the Beta version of the product. The next step is to run trials to prove the effectiveness of its pricing algorithms. These trials are expected in the second half of 2026.