SandStar (formerly known as YI Tunnel), a Beijing, China-based AI startup which is exploring the edge of new retail, secured a Series B funding round.
The round, which brought total funding to $25M, was led by Guopeng Capital and Mobai Capital.
The company was backed by Baidu Ventures, Kinzon Capital and Fengshion Capital in the previous rounds.
Founded in 2017 by CEO Yili Wu, SandStar uses Computer Vision and AI-powered big data analysis to digitize offline data in retail scenes. The company has developed 4 product lines:
- AI Vending Machine,
- AI Check-out Machine,
- Pure Computer Vision Unmanned Store and
- Smart Store Analysis.
The business launched in 11 countries, serving over 20 Fortune 500 companies globally to build the AI retail ecosystem. The team has over 220 tech experts now.