RadiusAI

Overview
News
Automated Stores?
Product stageSegments
Go-to-Market
?
Automated Stocking and Shelving, Self-checkout
?

RadiusAI develops computer vision-powered checkout assist and inventory management solutions for retail and restaurant sectors. One of RadiusAI's flagship offerings is “ShopAssist,” a computer vision-powered assisted checkout system that can scan customer purchases when placed on the counter. The technology is also equipped to scan and identify special items such as age-verified goods. ShopAssist reportedly has the ability to automatically learn and adapt to new stock-keeping units (SKUs).

RadiusAI's “ShopAssist Pulse” is an inventory management system that provides real-time updates related to inventory levels, freshness of perishable goods, and stock outages. Other features of ShopAssist Pulse includes demand forecasting to assist stock replenishment, automated reordering, and integrations with data APIs to provide a unified view of store operations.

Key customers and partnerships

As of March 2022, RadiusAI had deployed its solutions across over 1,000 locations.

In June 2024, the company partnered with cloud-managed IT company Cisco Meraki to make the ShopAssist Pulse available on Cisco Meraki’s marketplace.

HQ location:
222 S Mill Ave #800 Tempe AZ USA
Founded year:
2017
Employees:
51-100
IPO status:
Private
Total funding:
USD 10.3 mn
Last Funding:
USD 3.2 mn (Series Unknown; Sep 2022)
Last valuation:
USD 123.2 mn (Sep 2022)
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Company profile
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