AI Retailer Systems

Overview
Automated Stores?
Product stageSegments
Seed
?
Automated Stocking and Shelving, Full automation Solutions
?

AI Retailer Systems provides an AI and computer vision-powered video analysis software that can be utilized for grab-and-go checkout solutions, inventory monitoring, and self-checkout theft prevention.

AI Retailer Systems’ grab-and-go solution tracks shopper journeys and shelf interactions by assigning a unique basket ID to each customer in a store. It uses hand position-tracking to identify picked up items, return them to shelves, and updates the virtual basket assigned to customers accordingly.

The company’s theft and loss prevention tool for self-checkouts tracks items picked up by customers and will trigger an alert if an item is not scanned at a self-checkout. The company also offers a store analytics tool for store operators to track shopping statistics and measure effectiveness of item placements and store layouts.

Key customers and partnerships

AI Retailer Systems has a partnership with Hikvision, a manufacturer and supplier of video surveillance equipment, to develop a grab-and-go checkout solution.

HQ location:
Bern CHE
Founded year:
2019
Employees:
1-10
IPO status:
Private
Total funding:
USD 679.2 k
Last Funding:
USD 515.7 k (Pre Seed; Aug 2023)
Last valuation:
USD 5.1 mn (Aug 2023)
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Product Overview
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Company profile
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