Zippedi Continues Growth & Raises $12.5 Million Series A
Summary
Burlingame, CA, April 28, 2022 --( PR.com )-- Zippedi, a Silicon Valley-based RaaS (Robotics as a Service) company, has today announced a $12.5 million Series A investment led by Transpose Platform. The company specializes in digitizing grocery and home improvement retail environments to improve the consumer experience whether shopping in person, online or for delivery, and increasing store efficiency by improving out of stocks, price compliance, and e-commerce among other retail issues.“Understanding that the brick-and-mortar retail business model has remained pretty much unchanged during the last 100 years, we built Zippedi with the idea that by digitizing the physical stores we could help the industry fully take advantage of AI and computer platforms available to digital natives,” noted Luis Vera, CEO and Co-founder of Zippedi. Also guided by Mr. Vera, with the experience gleaned in this Latin American Pilot market, Zippedi will invest in taking the learnings to the U.S. grocery market where we will be able to provide a powerful and affordable solution to the grocery industry which has the nuance of having to operate on razor thin margins.“Having invested in later-stage companies in the retail tech sector, it thrills us to see how Zippedi, in a very capital-efficient manner, has managed to do what predecessors have tried and failed,” said Alex Bangash, Co-founder and General Partner of Transpose Platform. “The team at Zippedi is applying world class machine learning and robotics skills to create structured digital data for a new domain so that modern tools can be brought fully to bear. We invest in the best founders regardless of geography and continue support this amazing team as they expand across North and South America,” said J. Cheng, Managing Director of Gen 1 Capital, “where one of their theses is robots augmenting (not replacing) humans to enable more engagement in high value tasks like caring for customers.”Zippedi will use the proceeds to accelerate onboarding of new customers as well as continue to build out a comprehensive suite of products to make shoppers happy and retail stores as efficient as possible.
Funding
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