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Zippin

Automated Stores
Segments:
Automated Checkout
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Product stage:
Early
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Zippin offers next-generation checkout-free technology. To shop in the store, customers must download an app and enter their billing information, upon which a unique QR code is generated, which they can use to enter the store. Zippin uses auto-checkout technology so that anyone who picks up an item from a shelf is responsible for it unless it is placed back. Zippin also uses overhead cameras and sensors on its shelves, along with AI technology to track customers’ movements and noting what goes inside each virtual basket, enabled by computer vision algorithms. The customer is charged as soon as they leave the store. Zippin claims its competitive advantage is its use of a combination of cameras and weight sensors that makes a more accurate sensor fusion algorithm, as opposed to a purely camera-based solution. The company also has human store operators as the third level of backup for higher robustness; they are called in if the AI system fails to recognize a product. Zippin does not use biometrics of any sort to identify consumers, only overhead cameras to map out customer movements.

Zippin has piloted its technology in high volume locations and entered into multiple partnerships with supermarkets, convenience stores, and hotels. 

- The company first opened a demo store in San Francisco in 2019. In the same year,  Zippin’s technology was also deployed at the Ame Go convenience store chain in Brazil, and the Moscow-based Azbuka Vkusa supermarket.

- In early 2020, Zippin and Fujitsu teamed up to undergo a pilot program with the Lawson convenience store chain in Japan, where user authentication was done utilizing a palm reader. Thereafter in December 2020, Zippin announced Fujitsu as its exclusive distributor in Japan from March 2021 onwards. With the new partnership, Fujitsu may offer Zippin technology complemented with its own multi-biometric authentication. In February 2021, launched a new cashierless checkout store, “Green Leaves Plus,” in the Yokohama Techno Tower Hotel in Japan in partnership with Fujitsu and the Koyo Group (which operates a portfolio of hotels, convenience stores, and restaurants in hospitals). The company claims this is the world’s first checkout-free hotel store. 

- The Zippin convenience store was housed in two sports venues (Golden 1 Center arena in Sacramento since September 2019 and Mile High Stadium in Denver since November 2020), in addition to several convenience stores in the US,

- Partnered with American Express (June 2021) to introduce an automated store at the Barclays Center (in Brooklyn, New York) for the Brooklyn Nets’ first-round NBA playoff series against the Celtics. The store offers beverages, snacks, and merchandise exclusively to American Express cardholders. 

- Partnered with Pacers Sports & Entertainment (October 2021) to deploy its tech at the indoor arena Gainbridge Fieldhouse (Indiana, US) which hosts the games of NBA team Indiana Pacers and WNBA team Indiana Fever as well as college basketball, indoor concerts, and ice hockey. 

- Partnered with JFKIAT, the operator of Terminal 4 at John F. Kennedy International Airport (JFK), and SSP America, an airport foodservice operator, (December 2021) to deploy its tech at its first airport location: JFK in New York City. The company expects to deploy its tech to 100 stores at airports and train stations by the end of 2022.

-Partnered with Aramark in March 2022 to launch the second Zippin-powered store in Houston’s NRG Stadium.

- Partnered with Dallas-based restaurant and entertainment business, Dave & Buster’s Entertainment Inc in July 2022 to launch a checkout-free store at a Dave & Busters located in Hollywood, ​​Florida.

Zippin launched an equity crowdfunding campaign on the OurCrowd platform in May 2021, aiming to raise up to USD 8.4 million. In September 2021, Zippin raised USD 30 million in a Series B funding round, with participation from OurCrowd, Maven Ventures, Evolv Ventures, and SAP, among others. The funds will be used to help with the company’s expansion plan and accelerate innovation specifically with regards to deployment and maintenance. The company hopes to retrofit stores in one day with zero or minimal downtime. 

Automated Stores

Automated Stores

Key stats
Featured companies
52
Total funding (USD)
3.3 Bn
Total addressable market (USD)
4.9 Bn
Key competitors
 
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EDGE Insights

Automated Stores June Update: Hello Poland!

Recent Updates

Partnerships
Geographic expansion
Oct 18, 2023
Zippin launches checkout-free store at Dublin Airport
Automated Stores
Partnerships
Sep 14, 2022
Zippin deploys Zippin Lanes across 20+ sports and entertainment venues
Automated Stores
Geographic expansion
Jul 7, 2022
Zippin launches a checkout-free store at a Dave & Busters in Florida
Automated Stores
Product updates
Partnerships
Geographic expansion
Apr 21, 2022
Instacart partners with Aramark to deploy Caper Counter at Boston’s Fenway Park
Automated Stores
Product updates
Apr 13, 2022
Amazon rolls out Just Walk Out tech at Houston Astros’ Major League Baseball Stadium
Automated Stores
Partnerships
Mar 1, 2022
Zippin partners with Aramark to open second checkout-free store in Houston’s NRG Stadium
Automated Stores

Company Brief


HQ location:
San Francisco CA USA
Founded year:
2017
Employees:
101-250
Total Funding:
USD 44.0 million
Last Funding
USD 30.0 million, Sep 2021

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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