Anavid, an AI-backed system for retailers is raising $1M
Summary
The startup is based in France and is founded by Ahmed Chaari and it has joined FasterCapital’s Raise Capital program and seeking $1M to build the product and grow. Shoplifting connects to the video system and analyses the footage in real-time to detect any suspicious gestures. When suspicious behaviour is detected, on-site personnel are alerted on their smartphone with a text message including a short video clip. The idea emerged from a competition held in Silicon Valley by The Founder Institute- Cohort Stockholm in June 2017, eight participants were selected, and among these eight were Mr. Ahmed Chaari and Mr. David Nilssen and Anavid was founded as an artificial intelligence technology startup 2018 in Paris. The company then has developed its own innovative products based on computer vision and deep learning to help retailers protect their livelihoods and better understand their clients.
Funding
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