AiFi Opens 80 Autonomous Stores Powered by Computer Vision, an Industry Benchmark for Platform Scalability
AiFi has now deployed the largest network of stand-alone stores and continues to expand with notable technology partners Microsoft and Verizon Business across a range of verticals such as grocery stores, universities and sports venues.
SANTA CLARA, Calif., August 10, 2022 /PRNewswire/ — AiFi, the most flexible AI platform that enables retailers to cost-effectively deploy self-driving shopping solutions, today announced that it has reached a milestone of 80 AiFi-powered retail stores open globally. , demonstrating the company’s unparalleled ability to scale its platform without the need for a shelf weight sensor. By working with major technology providers and retailers such as Verizon, Microsoft, Carrefour, ALDI, Compass Group, Sodexo, Choice Market and Żabka Group, AiFi has deployed the most stores equipped only with cameras and computer vision through North America, Europe, Middle Eastand Asia.
This year, AiFi set a new benchmark for standalone retail by increasing its rollout speed to two stores per week, surpassing the industry standard that takes several months to launch a single store. AiFi showcased this breakthrough rollout rate by opening 50 stores powered by computer vision with Żabka, Poland largest chain of convenience stores, in the space of a few months.
“The biggest challenge facing technology providers in our space is scalability, or in other words, figuring out how to meet the needs of each retailer and their respective customer base, while successfully deploying these self-contained stores at a pace that responds to speed We are seeing growing demand, and we are the only company able to deploy a standalone store in less than a week across a wide range of locations and store formats,” said João Diogo Falcão, Director of technology at AiFi.” We are incredibly proud to share that we now have 80 stores open, more than double the number of Amazon Go stores, demonstrating our unique ability to share our computer vision-based solution with retailers. who seek to be at the forefront of technological innovation. “
AiFi began working with Microsoft in November 2021 through Microsoft for StartUps, a global program dedicated to accelerating the trajectory of high-potential startups to enable growth at scale. After experiencing AiFi’s ability to grow with customers, as well as support various store formats and sizes, the two companies deepened their relationship with AiFi which has recently established itself as as Microsoft’s Worldwide Independent Software Vendor (ISV) Partner. AiFi’s self-driving store solutions run on Microsoft Azure, and the company is currently the only Microsoft partner providing self-driving retail powered by computer vision. This partnership will help strengthen AiFi’s global expansion as it continues to evolve its solution through new store formats, venues and locations.
“AiFi helps retailers around the world eliminate long lines and the need for payment with frictionless technology running on Microsoft Azure,” said Shelley Bransten, Corporate Vice President, Global Retail & Consumer Goods Industries, Microsoft. “AiFi has extended its solution to top retailers around the world, enabling them to delight customers with an enhanced in-store experience, optimize operations, and roll out self-driving stores in new locations at an unprecedented pace and scale. We are proud to have AiFi as Microsoft’s global partner.”
In 2022 alone, stores powered by AiFi saw over 800,000 shoppers and handled nearly 2.5 million unique items globally. As a company, AiFi has grown its workforce by 60% over the past year and now has 122 employees, boasting 15 PhDs and previous experience at the world’s top tech companies.
In addition to Microsoft, AiFi is also partnering with Verizon Business to leverage the fast speeds that 5G and Mobile Edge Computing (MEC) can bring to the customer experience.
“We’ve partnered with AiFi to enable a self-driving shopping experience at major sporting events and venues,” said Massimo Peselli, Senior Vice President, Global Business, Verizon Business. “The sports and entertainment industry is changing rapidly and this work with AiFi is the perfect use case to show that when you combine reliable, secure and high-speed connectivity with an innovative solution like AiFi’s standalone store technology , a next-level shopping experience becomes available to fans and site operators.”
Retailers have three options when choosing to partner with AiFi:
AiFi has deployed a diverse set of stores in locations such as sports stadiums, music festivals, college campuses, office buildings, grocery stores, convenience markets, and more. AiFi plans to continue to evolve with its current customers to bring frictionless and cashierless technology to customers around the world.
AiFi provides the most flexible AI platform that enables retailers to cost-effectively deploy and scale self-driving shopping solutions across their businesses. Leveraging computer vision, AiFi adapts to existing store formats without the need for shelf sensors and provides advanced tracking algorithms that can scale up to 10,000 square feet to support diverse customer journeys. purchase such as an app, credit card, gated or hybrid entry. AiFi works with top retailers around the world such as ALDI South Group, Carrefour, Compass Group, Żabka Group, REWE and Verizon. AiFi has the most self-contained stores powered by computer vision in the world. The company has raised a total of $80 million from investors such as Verizon Ventures, Qualcomm Ventures, HP Tech Ventures, Mithril Capital, Matterhorn Ventures, TransLink Capital, Plum Alley, Duke Angel Network, Reaction, GS Future, Drive Catalyst and Evolution.
For more information, please visit aifi.com.