Swyft Inc., a San Francisco, CA-based global leader in unattended retail, closed an additional funding round of undisclosed amount.
The round was led by Defiance Ventures. In conjunction with the funding, Tareq Amin, co-founder of Defiance Ventures, will join the board of Swyft, Inc.
The company intends to use the funds as working capital to continue to grow in the US market.
Led by Gower Smith, CEO, Swyft is a software and data analytics platform that gives brands and retailers the tools to build an automated retail presence. It gives consumers a convenient buying experience and location partners, such as airports and property managers, increased desirability. The company has a number of additional Fortune 100 clients in development for launch by early next year.
Through acquisition and organic development, Swyft has developed a significant patent portfolio associated with contactless shopping from unattended stores using mobile technology.
Swyft Inc., is also the parent company of ZoomSystems, a large automated retail store operator.