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Trigo bags $10M for computer-vision based checkout tech to rival Amazon's 'Just Walk Out'


Amazon
AI
REWE Group
Viola Growth
Pitchbook
Trigo
more.“Trigo
Tesco
Trigo’s
Flink
startup.“With
Executive Board
Digital, Customer & Analytics REWE Group
REWE —
OS
Standard Cognition
Juniper Research
Juniper’s


Michael Gabay
Shufersal
Yamo
Christoph Eltze
Ran Peled


German


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Israel
Cologne
Germany
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The New York Times
SOURCE: https://techcrunch.com/2021/06/16/trigo-bags-10m-for-its-computer-vision-based-checkout-tech-to-rival-amazons-just-walk-out/
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Summary

While Amazon continues to expand its self-service, computer-vision-based grocery checkout technology by bringing it to bigger stores, an AI startup out of Israel that’s built something to rival it has picked up funding and a new strategic investor as a customer.Trigo, which has produced a computer vision system that includes both camera hardware and encrypted, privacy-compliant software to enable “grab and go” shopping — where customers can pick up items that get automatically detected and billed before they leave the store — has bagged $10 million in funding from German supermarket chain REWE Group and Viola Growth.The exact amount of the investment was not being disclosed (perhaps because $10 million, in these crazy times, suddenly sounds like a modest amount?), but Pitchbook notes that Trigo had up to now raised $87 million, and Trigo has confirmed that it has now raised “over $100 million,” including a Series A in 2019, and a Series B of $60 million that it raised in December of last year.

As said here by Ingrid Lunden