Frictionless checkout technology provider AiFi has raised $65 million in a Series B round of funding from a group of investors that includes European retailers Aldi South Group, Zabka Group and Rewe as well as the venture capital arms of Verizon, Qualcomm and HP, according to a Friday press release.
The Silicon Valley startup plans to use the capital to build its technical staff as it looks to scale its relationships with retailers and install its computer-vision based equipment in stores more quickly.
AiFi is jockeying for influence in the retail automation sector as retailers increasingly embrace technology that lets shoppers bypass traditional checkout counters.
Source: Payments Dive
Omni Talk is the retail blog for retailers, written by retailers. Chris Walton and Anne Mezzenga founded Omni Talk in 2017 and have quickly turned it into one of the fastest growing blogs in retail. 