Autonomo, a London, UK-based startup providing checkout-free software that enables retailers to convert existing stores into a cashierless shopping experience, raised £2M in funding.
The round, which brought the total amount to $3.8M, was led by Potter Ventures and River Capital through their EIS growth fund ‘fund:AI’.
The company intends to use the funds to expand operations and development efforts.
Led by CEO James Sutherland, Autonomo is an Harvard deep tech business that aims to simplify shopping for customers and retailers. It uses computer vision to remove checkouts from retail stores, allowing customers to tap their card or phone, grab their products and walk out. Its team of 28 people work with petrol stations, convenience stores and grab-and-go stores to increase customer satisfaction and increase efficiencies in brick and mortar retail. To date, the technology has been used by over 20,000 customers across leading European brands such as Edeka.
FinSMEs
13/03/2024