Autonomo Secures £2M Funding for Checkout-Free Retail Software
Autonomo, a startup based in London, UK, has successfully secured £2M in funding to support its innovative checkout-free software. This technology enables retailers to transform their existing stores into cashierless shopping experiences, streamlining the process for both customers and retailers alike. The funding round was led by Potter Ventures and River Capital through their EIS growth fund ‘fund:AI’, bringing Autonomo's total amount raised to $3.8M. With this financial support, the company plans to expand its operations and further develop its cutting-edge technology.
Under the leadership of CEO James Sutherland, Autonomo is on a mission to revolutionize the retail industry with its Harvard deep tech approach.
By using computer vision technology, the company is able to eliminate the need for traditional checkouts in stores, allowing customers to simply tap their card or phone, collect their items, and walk out hassle-free. The team of 28 talented individuals at Autonomo collaborates with various retail establishments, including petrol stations, convenience stores, and grab-and-go locations, to enhance customer satisfaction and optimize operational efficiencies in brick-and-mortar retail.
Autonomo's innovative technology has already garnered significant attention, with over 20,000 customers benefiting from the seamless shopping experience it offers. Leading European brands such as Edeka have embraced Autonomo's solution, recognizing the value it brings to their businesses. With a focus on simplifying the shopping process for both consumers and retailers, Autonomo is well-positioned to continue making waves in the retail industry and shaping the future of shopping experiences.
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