Pensa Systems, an Austin, Texas-based provider of autonomous perception systems for inventory visibility, raised $2.2m in seed funding.
The round was led by ATX Seed Ventures, with participation from ZX Ventures, Mick Mountz and Yechiam Yemini.
The company intends to use the funds to accelerate product development efforts and support market demand.
Led by Richard Schwartz, President and CEO, Pensa provides a software solution for retailers and manufacturers to get access to an automated view of what’s on retail shelves using autonomous vision capture on the front-end, and predicting out-of-stock products using a novel artificial intelligence (AI) approach on the back-end.
Currently in customer field trials, further product details will be released at a later date.