An Israel-based company, which provides checkout-free systems to grocery retailers is looking on developing their own stores!
Trigo has raised $22 million in a Series A round of funding which gives them leverage in developing new systems! Trigo’s system uses cameras, artificial intelligence, algorithms and 3D space-mapping technology to operate its store systems. Current customers that shop with a Trigo system have the ability to opt-in and identify themselves through a loyalty program, or choose to remain anonymous.
Several retailers have taken the initiative to implement their own artificial intelligence. Caper, which provides AI-powered shopping carts, has also announced that they raised $10 million in a Series A round and plans to work with sizable North American grocery chains. Zippin is another company that has created a partnership with Brazils largest retailer to provide checkout-free stores, and Standard Cognition which has raised $35 million in Series B funding for its scan-and-go technology.