AiFi, a California-based provider of AI-powered computer vision and smart retail solutions, has raised USD 65 million in a Series B funding round led by Canada-based investment management firm Khaira Capital with participation from retail partners ALDI South Group, Zabka Group, REWE, Verizon Ventures, and Qualcomm Ventures. 

The round brings the company to a total of USD 97 million in funding to date. It comes four years after AiFi first emerged from stealth to announce its checkout-free solution for retailers and two years after the company’s last funding round of USD 14.5 million in October 2020.

The capital infusion follows a noteworthy year in business for AiFi, with the launch of a contact-free, frictionless market in London with ALDI, a 10/10 Flash concept store in France with Carrefour, and the first autonomous Carrefour City+ in Dubai. AiFi also partnered with Zabka Group to open 28 autonomous stores and worked with Compass Group to open Market x Flutter, Ireland’s first frictionless store. 

In the past two years alone, AiFi launched around 40 stores. The company’s camera-only solution does not require weighted shelves, which cuts deployment costs and time. AiFi has also recently expanded to NFL stadiums and music festivals on the back of reduced average transaction and queue times by 50% and increased per capita sales by 170%.

AiFi will leverage the new funding to scale partnerships, strengthen its deployment team for faster store roll-outs, and invest in product development and feature enhancement.