Zippin, a San Francisco, CA-based provider of checkout-free technology, closed a $30m Series B funding.
Backers included OurCrowd, Maven Ventures, Evolv Ventures and SAP.
The company intends to use the funds to scale its checkout-free platform and power tens of thousands of stores by 2025.
Led by Krishna Motukuri, Co-founder & CEO, Zippin has developed checkout-free technology which enables retailers to quickly deploy frictionless shopping in their stores. Its patent-pending technology uses AI, deep learning and sensor fusion to power a consumer experience that banishes checkout lines and self-scanners for good, and allows shoppers to zip in and out with their purchases.
The platform leverages product and shopper tracking through overhead cameras, as well as smart shelf sensors, for a high level of accuracy even in crowded stores. The company has offices in San Francisco, Dallas, Toronto and India.
This new round, which brought total funding to more than $45m, follows meaningful progress the company has made in recent months, including signing numerous new accounts, launching multiple new public checkout-free stores, and further solidifying their technology within the future of retail.