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Top 10 Startups developing AI for Retail
Updated: March 12, 2024 |
Artificial intelligence in retail is applied multiple ways: PoS security, customer identification, PoS robots/virtual assistants, predictive analytics, post-sale customer service interactions.
1
Country: Singapore | Funding: $1.1B
Trax provides in-store solution that uses a combination of computer vision, machine learning and hardware like cameras and autonomous robots to gather real-time data about the shelf availability of products.
Trax provides in-store solution that uses a combination of computer vision, machine learning and hardware like cameras and autonomous robots to gather real-time data about the shelf availability of products.
2
Country: USA | Funding: $239.4M
Standard Cognition is an artificial intelligence platform that allows buyers to grab what they want without having to go to a cashier.
Standard Cognition is an artificial intelligence platform that allows buyers to grab what they want without having to go to a cashier.
3
Country: Israel | Funding: $199M
Trigo is a developer of AI-based automated retail checkout systems.
Trigo is a developer of AI-based automated retail checkout systems.
4
Country: USA | Funding: $175.6M
Presto digitizes the dining room for restaurants and makes them smarter and more profitable.
Presto digitizes the dining room for restaurants and makes them smarter and more profitable.
5
Country: USA | Funding: $175.8M
Bear Robotics develops AI Robot-waiters for Restaurants
Bear Robotics develops AI Robot-waiters for Restaurants
6
Country: USA | Funding: $174.4M
Sentient develops AI solutions for website experimentation, e-commerce recommendations that can transform your customer experience and increase conversions. It also develops Studio ML - model management framework written in Python to help simplify and expedite your model building experience.
Sentient develops AI solutions for website experimentation, e-commerce recommendations that can transform your customer experience and increase conversions. It also develops Studio ML - model management framework written in Python to help simplify and expedite your model building experience.
7
Country: USA | Funding: $115M
Reimagining fulfillment with intelligent robots that can pick and pack anything.
Reimagining fulfillment with intelligent robots that can pick and pack anything.
8
Country: USA | Funding: $97.6M
Bossa Nova produces robots for retail stores. They scan shelves to help employees with restocking, keep track of where items are located, so you can find your favorite items at any time.
Bossa Nova produces robots for retail stores. They scan shelves to help employees with restocking, keep track of where items are located, so you can find your favorite items at any time.
9
Country: Ireland | Funding: $88.6M
Everseen uses computer vision to prevent theft at self-checkout counters.
Everseen uses computer vision to prevent theft at self-checkout counters.
10
Country: USA | Funding: $80.4M
AiFi is an information technology company that specializes in developing store automation systems.
AiFi is an information technology company that specializes in developing store automation systems.
See also:
Top 10 SaaS startups in Retail
Top 10 SaaS startups in Retail
11
Country: USA | Funding: $72.5M
Gorgias develops a customer support helpdesk specially designed for online stores. It uses AI and customer data to automate responses to basic questions.
Gorgias develops a customer support helpdesk specially designed for online stores. It uses AI and customer data to automate responses to basic questions.
12
Country: USA | Funding: $64M
Narvar is a customer experience platform that helps retailers that uses machine learning to understand customer preferences, build customer profiles based on delivery and communication preferences, purchase history, feedback and more. The platform also applies machine learning across billions of interactions to improve supply chain efficiencies, future transactions and customer experiences.
Narvar is a customer experience platform that helps retailers that uses machine learning to understand customer preferences, build customer profiles based on delivery and communication preferences, purchase history, feedback and more. The platform also applies machine learning across billions of interactions to improve supply chain efficiencies, future transactions and customer experiences.
13
Country: USA | Funding: $58.2M
Shelf Engine is a provider of an automated prediction engine that recommends what to order everyday.
Shelf Engine is a provider of an automated prediction engine that recommends what to order everyday.
14
Country: USA | Funding: $51.9M
Lily AI is the leader in predictive psychographics for retail ecommerce. Consumer spending online for apparel now accounts for over 27% of all clothing sales. Retailers need to understand each consumer’s emotional context while they are actively shopping.
Lily AI is the leader in predictive psychographics for retail ecommerce. Consumer spending online for apparel now accounts for over 27% of all clothing sales. Retailers need to understand each consumer’s emotional context while they are actively shopping.
15
Country: Ukraine | Funding: $50M
Neuromation is a leading Enterprise AI solutions and platform provider. The company's Neuro platform is a best-in-class machine learning development tool enabling rapid model iteration with an unparalleled developer experience.
Neuromation is a leading Enterprise AI solutions and platform provider. The company's Neuro platform is a best-in-class machine learning development tool enabling rapid model iteration with an unparalleled developer experience.
16
Country: USA | Funding: $50.4M
Deep North enables enterprises to understand consumer behavior in physical environments using deep learning and AI based video analytics.
Deep North enables enterprises to understand consumer behavior in physical environments using deep learning and AI based video analytics.
17
Country: USA | Funding: $46.5M
Pypestream’s Customer Engagement Solution enables businesses to connect with customers using the power of smart messaging, driving satisfaction and loyalty. The patented, secure and compliant platform combines pragmatic AI and chatbots to enable transactions over messaging.
Pypestream’s Customer Engagement Solution enables businesses to connect with customers using the power of smart messaging, driving satisfaction and loyalty. The patented, secure and compliant platform combines pragmatic AI and chatbots to enable transactions over messaging.
18
Country: Switzerland | Funding: $31.2M
Advertima's computer vision technology interprets human behavior in the physical world to offer smart retail solutions.
Advertima's computer vision technology interprets human behavior in the physical world to offer smart retail solutions.
19
Country: Belgium | Funding: $29.6M
Sentiance is a data science company turning IOT sensor data into rich insights about people’s behavior and real-time context.
Sentiance is a data science company turning IOT sensor data into rich insights about people’s behavior and real-time context.
20
Country: Czech Republic | Funding: $27M
Cosmose is a company developing a data analytics platform that predicts consumers' offline shopping behaviors.
Cosmose is a company developing a data analytics platform that predicts consumers' offline shopping behaviors.
21
Country: Poland | Funding: $27M
Cosmose AI empowers oCommerce by synergizing offline and online for omnichannel and influence.
Cosmose AI empowers oCommerce by synergizing offline and online for omnichannel and influence.
22
Country: China | Funding: CN¥110M
SandStar develops checkout-free convenience store technologies.
SandStar develops checkout-free convenience store technologies.
23
Country: USA | Funding: $24.8M
Predictive software for inventory decision-making in commerce, powered by AI/ML.
Predictive software for inventory decision-making in commerce, powered by AI/ML.
24
Country: Israel | Funding: $21.6M
Tastewise is the AI platform food brands use to make smarter decisions for a healthy, sustainable, and delicious future. Tastewise works with food brands, manufacturers, ingredient companies, and flavor houses to enhance new product development, build marketing strategies, and accelerate sales in retail and restaurants.
Tastewise is the AI platform food brands use to make smarter decisions for a healthy, sustainable, and delicious future. Tastewise works with food brands, manufacturers, ingredient companies, and flavor houses to enhance new product development, build marketing strategies, and accelerate sales in retail and restaurants.
25
Country: USA | Funding: $19M
Insite AI is a platform for consumer packaged goods companies that uses AI to provide recommendations on how to price, distribute and promote their products in physical stores
Insite AI is a platform for consumer packaged goods companies that uses AI to provide recommendations on how to price, distribute and promote their products in physical stores
26
Country: USA | Funding: $17M
Using it's proprietary image and video recognition technologies, Vue.ai's product suite changes the way stores and brands build personalized experiences for their customers online and in-store; it redefines the way marketers instantly gratify, acquire and grow their customer base across multiple social channels; and automates key warehouse and factory floor workflows involving product tagging, photo shoots, catalog management and more.
Using it's proprietary image and video recognition technologies, Vue.ai's product suite changes the way stores and brands build personalized experiences for their customers online and in-store; it redefines the way marketers instantly gratify, acquire and grow their customer base across multiple social channels; and automates key warehouse and factory floor workflows involving product tagging, photo shoots, catalog management and more.
27
Country: Germany | Funding: €12.2M
Nyris is an image search engine that is used as a software as a service.
Nyris is an image search engine that is used as a software as a service.
28
Country: USA | Funding: $13M
Caper builds smart shopping carts powered by deep learning and computer vision to enable cashierless checkout.
Caper builds smart shopping carts powered by deep learning and computer vision to enable cashierless checkout.
29
Country: USA | Funding: $10.6M
Jetlore builds unique user profile for every single user based on their behavior and their affinity for semantic attributes of content and the product. Then it leverages user profiles to display the most relevant and resonant content to every single user across any medium.
Jetlore builds unique user profile for every single user based on their behavior and their affinity for semantic attributes of content and the product. Then it leverages user profiles to display the most relevant and resonant content to every single user across any medium.
30
Country: USA | Funding: $10M
Satisfi Labs creates end-to-end artificial intelligence solutions for enterprise brands who want an easier way to communicate the right information, at the right place, in real-time to their customers.
Satisfi Labs creates end-to-end artificial intelligence solutions for enterprise brands who want an easier way to communicate the right information, at the right place, in real-time to their customers.
31
Country: Ukraine | Funding: $7.3M
Competera Pricing platform helps retailers to set and maintain optimal prices with the help of AI.
Competera Pricing platform helps retailers to set and maintain optimal prices with the help of AI.
32
Country: Canada | Funding: CA$8.5M
Heyday is the leading Conversational AI platform for retailers
Heyday is the leading Conversational AI platform for retailers
33
Country: India | Funding: $6.5M
ParallelDots is an Image Recognition platform that empowers FMCG companies to maximise their sales through better in-store execution.
ParallelDots is an Image Recognition platform that empowers FMCG companies to maximise their sales through better in-store execution.
34
Country: USA | Funding: $4.8M
Intelligent voice-based conversational agents for the enterprise
Intelligent voice-based conversational agents for the enterprise
35
Country: USA | Funding: $325K
Datrics democratizes the creation of self-service analytics and machine learning solutions by providing an intuitive drag-n-drop interface.
Datrics democratizes the creation of self-service analytics and machine learning solutions by providing an intuitive drag-n-drop interface.
36
Country: France | Funding: €500K
Retail Robotics Solutions develops one-of-a-kind Neural Network that possesses the remarkable ability to swiftly identify meals on trays within self-service eateries or corporate dining establishments.
Retail Robotics Solutions develops one-of-a-kind Neural Network that possesses the remarkable ability to swiftly identify meals on trays within self-service eateries or corporate dining establishments.
37
Country: Ukraine | Funding: $150K
Outloud.ai allows businesses to automate voice conversations with their customers using Artificial Intelligence
Outloud.ai allows businesses to automate voice conversations with their customers using Artificial Intelligence
38
Country: USA | Funding: $125K
Zensors can digitize your physical environment in seconds, turning everyday spaces into smart, reactive experiences. Use cameras to answer critical business questions, stay informed in realtime, and streamline your operations, without deploying any new IoT sensors.
Zensors can digitize your physical environment in seconds, turning everyday spaces into smart, reactive experiences. Use cameras to answer critical business questions, stay informed in realtime, and streamline your operations, without deploying any new IoT sensors.
39
Country: Bosnia and Herzegovina | Funding: $55.7K
Koola is a predictive maintenance platform utilizing AI and machine learning that connects car dealerships and OEM's with its clients.
Koola is a predictive maintenance platform utilizing AI and machine learning that connects car dealerships and OEM's with its clients.
40
Country: Argentina
Sumato-Id develops software for digitizing physical store using facial recognition biometrics, cognitive algorithms and Artificial Intelligence
Sumato-Id develops software for digitizing physical store using facial recognition biometrics, cognitive algorithms and Artificial Intelligence
41
Country: India
A conversational AI full stack solution for retail and consumer goods industry
A conversational AI full stack solution for retail and consumer goods industry
42
Country: UK
Peak provides a software platform that enables companies across sectors including retail, consumer goods and manufacturing. Peak’s data analytics-as-a-service model helps companies of all sizes use data, machine learning and AI technologies to drive growth.
Peak provides a software platform that enables companies across sectors including retail, consumer goods and manufacturing. Peak’s data analytics-as-a-service model helps companies of all sizes use data, machine learning and AI technologies to drive growth.
43
Country: India
Cogniphi is a pioneer in AI Vision platform technology that enables customers to achieve transformational outcomes through cognitive digital solutions.
Cogniphi is a pioneer in AI Vision platform technology that enables customers to achieve transformational outcomes through cognitive digital solutions.
44
Country: USA
VOICEplug AI enables restaurants to offer an interactive and conversational ordering experience while reducing cost and increasing average check size per order. Our Conversational AI solution is integrated with your restaurant’s phone system, call center, drive-thru, or online ordering system, can accept orders from customers that use natural language voice conversations and commands.
VOICEplug AI enables restaurants to offer an interactive and conversational ordering experience while reducing cost and increasing average check size per order. Our Conversational AI solution is integrated with your restaurant’s phone system, call center, drive-thru, or online ordering system, can accept orders from customers that use natural language voice conversations and commands.
45
Country: India
ClasifAI’s automated tagging platform allows to scale your retail catalog. ClasifAI leverages Machine Learning to quickly identify attributes of an image such as category, gender, color, pattern, length, sleeve length, and neckline.
ClasifAI’s automated tagging platform allows to scale your retail catalog. ClasifAI leverages Machine Learning to quickly identify attributes of an image such as category, gender, color, pattern, length, sleeve length, and neckline.