Smart Retail Tech Startup Cloudpick Raises Series A+ Funding
Summary
SHANGHAI, July 20, 2020 /PRNewswire/ -- Cloudpick, the technology startup providing smart retail and artificial intelligence solutions, announced recently that it has raised Series A+ round of funding led by Cathay Innovation. Founded in July 2017, Cloudpick leverages proprietary technologies in computer vision, deep learning, and sensor fusion to enable retail store transformation. The company offers comprehensive system services such as cashier-less payment, smart inventory management, and personalized marketing tools. This 100% contactless payment system not only allows stores to stay open 24/7 but serves also as an efficient tool to reduce transmission rates in times of pandemic. Cloudpick has already equipped nearly 100 digital stores worldwide, including the United States, Canada, Japan, South Korea, Singapore and China.