While Amazon continues to expand its self-service, computer-vision-based grocery checkout technology by bringing it to bigger stores, an AI startup out of Israel that’s built something to rival it has picked up funding and a new strategic investor as a customer.
Trigo, which has produced a computer vision system that includes both camera hardware and encrypted, privacy-compliant software to enable “grab and go” shopping — where customers can pick up items that get automatically detected and billed before they leave the store — has bagged $10 million in funding from German supermarket chain REWE Group and Viola Growth.
The exact amount of the investment was not being disclosed (perhaps because $10 million, in these crazy times, suddenly sounds like a modest amount?), but PitchBook notes that Trigo had up to now raised $87 million, and Trigo has confirmed that it has now raised “over $100 million,” including a Series A in 2019, and a Series B of $60 million that it raised in December of last year. The company has confirmed that the amount raised is $10 million today, and $104 million in total.Tech Crunch