AiFi Raises Funding Led by Qualcomm Ventures


AiFi Inc., a Santa Clara, Calif.-based technology company creating advanced autonomous store technologies, raised an additional funding from Qualcomm Ventures.

Existing investors Cervin Ventures and TransLink Capital, and new investor Plum Alley, among others, also participated in the round.

The new investments bring the total funding raised to date to $30m.

Led by Steve Gu, Co-founder, and CEO, AiFi provides a solution that delivers a checkout-free experience with instantaneous receipts, and provides a variety of customizations and operational tools to enable retailers to build and operate autonomous stores.

With its Autonomous Store Platform OASIS, the company is creating shopping experiences with some of the most influential retail partners in the world including Carrefour, Albert Heijn, and Żabka. With 330 stores slated to open in 2021, AiFi has partnerships with five of the top 10 U.S. grocery chains, three of the top six European chains, and with a number one store chain in Australia. A range of stores in California and Texas are expected to open by the end of the year.



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