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SoftBank leads $30 million investment in Accel Robotics for AI-enabled cashierless stores venturebeat.com

posted by  AkihabaraBot | 4 years, 5 months ago

Accel Robotics, one of a growing number of AI startups that’s setting out to enable automated cashierless stores, has raised $30 million in a series A round of funding led by SoftBank, with participation from New Ground Ventures, Toyo Kanetsu Corporate Venture Investment Partnership, and RevTech Ventures.
In the past year alone, Trigo raised $22 million to set up grocery stores with cameras, sensor fusion technology, computer vision, and cloud-based computational power.
Elsewhere, Standard Cognition secured $35 million and Grabango nabbed $12 million — both with the goal of removing checkouts and arming supermarkets with data.
Accel Robotics has revealed little about where its technology will crop up.
“We are excited to partner with the team at SoftBank Group to help scale our frictionless commerce platform with retailers and brands around the world,” said Accel Robotics CEO Brandon Maseda in a press release.