Aifi Raises $65 Million In Series B Funding To Strengthen Leadership Position In Autonomous Retail
03/11/22, 10:00 AM
Location
santa claraMoney raised
$65 million
Round Type
series b
AiFi, the most flexible AI platform that enables retailers to affordably deploy and scale autonomous shopping solutions, today announced a $65 million Series B funding round with participation from ALDI South Group, Żabka Group, REWE, Verizon Ventures, and Qualcomm Ventures LLC, among others. The strategic investments from our retail partners reflect a commitment to scale with AiFi after successful platform integrations and positive customer feedback. This round, which brings AiFi's total funding to $80 million, will primarily be used to expand the company's technical team to cater to the surging demand for AiFi's solution.
Company Info
Location
santa clara, california, united states
Additional Info
AiFi provides the most flexible AI platform that enables retailers to affordably deploy and scale autonomous shopping solutions across their businesses. Leveraging computer vision, AiFi adapts to existing store formats without the need for shelf sensors, and provides advanced tracking algorithms that can scale up to 10,000 square feet to support various shopper journeys such as an app, credit card, gated, or hybrid entry. AiFi works with top retailers worldwide such as ALDI South Group, Carrefour, Compass Group, Morrisons, Żabka Group, REWE, and Verizon. AiFi has the highest number of computer vision powered autonomous stores across the globe. The company has raised a total of $80 million from investors including Verizon Ventures, Qualcomm Ventures, HP Tech Ventures, Mithril Capital, Cervin Ventures, TransLink Capital, Plum Alley, Duke Angel Network, Reaction, GS Future, Drive Catalyst, and Evolution. For more information, please visit aifi.com.
SOURCE AiFi