Everseen

Everseen is an Ireland-based developer of AI-powered computer vision technology that provides software solutions for inventory management, monitoring, and self-service checkout solutions for the retail sector. 

Everseen’s trademark Visual AI platform Seenic is a process-aware visual AI that can spot issues and reshape processes and provides solutions that can be applied to retail process intelligence, supply chain intelligence, and process automation across the entire supply chain network. The company’s process automation solutions include a virtual checkout host that allows customers to self-correct errors at self-checkout; a virtual shelf supervisor which tracks stock levels, highlights out-of-stock items, and tracks planogram compliance; a virtual receiver which tracks movements within stores providing check-in and checkout automation; and a safety hygiene supervisor.

In January 2023, the company expanded its product suite to include: 1) Evereagle, which uses computer vision and AI to provide a high-level view and insights for checkout and exit areas in offering queue management and loss prevention, 2) Evershelf, which uses advanced AI models and insights to deter shop-floor losses and supports inventory management, 3) Everstock, an inventory management solution that alerts staff when an item on the shelf is out of stock, and 4) Eversolve, an app that allows managers to identify processes needing immediate attention and supports staff in solving issues, improving trends, and reducing variances. These products are designed to complement the company’s existing products Evercheck and Everdoor.

Everseen processes 175 years of video daily and in real time while monitoring 175 million products per day to support retailers. The company has grown 5,227% from 2018 to 2021 and in 2020 won the Deloitte Technology Fast 50, an award which ranks Ireland’s 50 fastest-growing technology companies based on revenue growth over the last four years. The company’s R&D platform spans Romania and Serbia. In September 2021, the firm opened a new development hub in Barcelona, Spain and added an invention lab to its Miami office to improve its R&D capacity and develop more AI-powered computer applications. 

In September 2020, the company partnered with grocery retailer Kroger to roll out its technology at around 2,500 Kroger stores across the country. In August 2021, the company also joined with security tech firm Prosegur Security to develop retail solutions focused on checkout intelligence, parking lot solutions, process automation, and supply chain security. As of January 2023 the company’s solutions were deployed across 6,000 major retail stores, with over 80,000 active POS systems across US, Europe, and Australia.

In 2020, Everseen recorded USD 24.45 million (€ 23.3million) in revenue, a significant rise from the previous year’s USD 10.81 million (€ 10.3 million). It suffered a loss before tax of just over USD 4.93 million (€ 4.7million) in 2020, down from the previous year’s USD 8.29 million (€ 7.9 million). 

In May 2023 , Everseen raised EUR 65 million (USD 71.32 million) in a Series A round led by Crosspoint Capital Partners. The funding round brings the company’s total funding to nearly USD 90 million.