AiFi, a Santa Clara, CA-based most flexible AI platform that enables retailers to affordably deploy and scale autonomous shopping solutions, announced a $65 million Series B funding round.
ALDI South Group, Żabka Group, REWE, Verizon Ventures, and Qualcomm Ventures LLC, among others, participated in the round.
This round, which brings AiFi's total funding to $80 million, will primarily be used to expand the company's technical team to cater to the surging demand for AiFi's solution.
Company: AiFi Inc.
Raised: $65.0M
Round: Series B
Funding Month: March 2022
Lead Investors: ALDI South Group, Żabka Group, REWE, Verizon Ventures, and Qualcomm Ventures LLC
Additional Investors:
Company Website: https://aifi.com/
Software Category: AI-powered retail solutions
About the Company: AiFi provides the most flexible AI platform that enables retailers to affordably deploy and scale autonomous shopping solutions across their businesses. Leveraging computer vision, AiFi adapts to existing store formats without the need for shelf sensors and provides advanced tracking algorithms that can scale up to 10,000 square feet to support various shopper journeys such as an app, credit card, gated, or hybrid entry. AiFi works with top retailers worldwide such as ALDI South Group, Carrefour, Compass Group, Morrisons, Żabka Group, REWE, and Verizon. AiFi has the highest number of computer vision-powered autonomous stores across the globe. The company launched a first-of-its-kind, 10/10 Flash concept store with Carrefour in France, and the first autonomous Carrefour City+ in Dubai. AiFi also recently expanded to NFL stadiums and music festivals, producing stores that reduced the average transaction and queue time by 50% and increased per cap sales by 170%.
Source: https://www.prnewswire.com/news-releases/aifi-raises-65-million-in-series-b-funding-to-strengthen-leadership-position-in-autonomous-retail-301500724.html