AiFi Raises $65 Million in Series B Funding to Strengthen Leadership Position in Autonomous Retail
Summary
"We relentlessly improve our AI algorithms to ensure we have a strong foundation to support our platform, and the success weve seen with diverse store formats, speed of deployment, and a frictionless customer experience attests to the flexibility and maturity our product has achieved. With this latest round of funding, well be able to scale our partnerships and launch customized stores in record time to bring us closer to our vision of using AI to simplify peoples busy lives." AiFi leverages advanced tracking algorithms that can scale up to 10,000 square feet to support various shopper journeys such as an app, credit card, gated, or hybrid entry. AiFi also recently expanded to NFL stadiums and music festivals, producing stores that reduced the average transaction and queue time by 50% and increased per cap sales by 170%. Leveraging computer vision, AiFi adapts to existing store formats without the need for shelf sensors, and provides advanced tracking algorithms that can scale up to 10,000 square feet to support various shopper journeys such as an app, credit card, gated, or hybrid entry.