Recoshelf
Company

Last deal

$60K

Amount

Pre-Seed

Stage

30.11.2022

Date

7

all rounds

$418.5K

Total amount

General

About Company
Recoshelf empowers retailers to increase sales using computer vision.

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founded date

23.01.2020

Number of employees

Company Type

For Profit

Last funding type

Pre-Seed

IPO status

Private

Description

The RetailTech SAAS company utilizes IoT and AI tools to provide precise information about product availability, conditions, and price competitiveness on store shelves. By automating routine processes like manual audits, price checks, and planogram, Recoshelf cuts personnel costs and increases business process efficiency, customer loyalty, and management control. Their retail management system uses AI and IoT technologies to monitor goods in stores, providing retailers with information on shelf storage and avoiding out-of-stock losses. Recoshelf serves FMCG suppliers and retailers by recognizing thousands of shelf pictures every day collected in supermarkets, freeing employees from routine tasks and helping retailers fix issues like empty shelves and wrong prices, resulting in a 5-6% increase in sales.
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