Qualcomm-backed AiFi To Deploy $14.5M In Autonomous Stores
Summary
The new investment is considered a “pre-Series B” round, Steve Gu, co-founder and CEO of AiFi, told Crunchbase News. “Right now, we have 14 stores operating in Europe, the U.S. and Asia, and by the end of the year, will have a new batch coming on in California and Texas,” Gu said. The company is also working with 5G and edge computing, which was one of the drivers for AiFi to partner with Qualcomm, based on its leadership position in those industries, Gu said. He expects the relationship to contribute to a quicker deployment and refining of its product as AiFi double’s down on both of those areas. “As intelligence continues to move from the cloud to the wireless edge and demand for contactless shopping grows, we are excited to be investing in AiFi,” said Carlos Kokron, vice president at Qualcomm Technologies and managing director, Americas at Qualcomm Ventures, in a written statement.