Trigo, maker of cashierless grocery checkout technology, has raised $60 million to scale its platform. This brings Trigo’s total funding to $94 million.
Trigo uses AI-powered computer vision technology in combination with off-the-shelf hardware to retrofit existing stores. The company applies its proprietary algorithms to ceiling-mounted cameras, which automatically learn and upload data on shoppers' movements and product choices, enabling customers to simply walk into a store, pick up their desired items, and walk out without stopping at the checkout. Payments and receipts are settled digitally.
“Our technology enables grocers to integrate the efficiencies and insights of digital commerce into the physical world while providing a frictionless checkout experience for customers. Ultimately, our solution reduces physical contact and does away with waiting in line, enabling a safe, secure, and streamlined shopping experience that’s a win-win for retailers and consumers,” said Michael Gabay, Trigo’s co-founder and CEO, in a statement.
Related: Giant Eagle Introduces Cashierless Checkout; Source: Whole Foods May Go Cashierless.
Image: Trigo
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