Aisles, a Portland, Oregon-based retail tech start-up, raised $10 million in a seed funding round led by co-founder Ignacio Rosales.
This funding will enable the company to continue developing and releasing new features that enhance the customer experience and simplify the shopping experience.
Talking to the media, Aisles, co-founder Ignacio Rosales said, "We are humbled by the trust investors have placed in the technology. We had been working on Trustis for quite some time, and meeting the expectations of investors was crucial in our mission to create a seamless shopping experience. All shoppers have to do is create their shopping list, and the Aisles' cart will guide them through the store. Moreover, with self-checkout, Aisles has created a weight and sensor measurement system inside the cart that lets customers know their total before checking out. The system will automatically charge the customer's form of payment, ensuring a smooth and contactless checkout experience. For customers who prefer to pay with cash, Aisles has also created a pullout drawer where customers can deposit their money before they shop and receive change when they are finished. With the investment, our team at Aisles will continue to innovate and develop new features."
The investment came after investors saw the potential for disrupting the retail sector with innovations like its contactless payment method called Trustis and self-driving shopping cart that leverages AI technology.
This payment system allows customers to pay for their purchases using their phones while the self-driving shopping cart creates a personalized shopping experience that saves time and money.
Company: Aisles
Raised: $10.0M
Round: Seed Round
Funding Month: April 2023
Lead Investors: Ignacio Rosales
Additional Investors:
Company Website: https://aisles.app/
Software Category: Shopping Experiences
About the Company: Aisles' is an AI-based technology company that maps out the store and locates the exact aisle and shelf of the item that a shopper is looking for, making the shopping experience more efficient and enjoyable. Additionally, Aisles' safety features remind customers who have purchased items through their app to take proper measures if the item is recalled and alert customers if an item contains hazardous ingredients. The technology also prioritizes security, as the phone locks into the cart, and can only be released using a face ID.
Source: https://finance.yahoo.com/news/portland-based-retail-tech-start-200700974.html