Grabango
Company

Last deal

$20.6M

Amount

Convertible Note

Stage

10.11.2022

Date

7

all rounds

$93.8M

Total amount

General

About Company
Grabango is a company that offers checkout-free technology for large-scale grocery and convenience stores.

Industry

Sector :

Subsector :

founded date

01.01.2016

Number of employees

Company Type

For Profit

Last funding type

Convertible Note

IPO status

Private

Description

Their solution uses computer vision technology and machine learning to identify items as they are picked up, count those items, and send the receipt to the shopper's phone after they leave the store. Grabango is the only company that has successfully retrofitted checkout-free technology into an existing store with high accuracy in a dynamic, real-world environment. Their platform is fault-tolerant and places no limits on who can enter the store, what can be sold there, or how the shelving is configured. With $39M in Series B funding, Grabango is excited to accelerate the growth of their team and store deployments to eliminate lines and save people time.
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