Discover 5 Top AI Solutions impacting Retail Companies

Curious about new technological advancements in the retail industry? Explore our analysis of 403 global startups & scaleups and learn how their Artificial Intelligence (AI) solutions impact your business!

Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the retail industry. This time, you get to discover five hand-picked AI solutions for retail companies.

Out of 403, the Global Startup Heat Map highlights 5 Top AI Solutions impacting Retail Companies

The insights of this data-driven analysis are derived from the Big Data & AI-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.

The Global Startup Heat Map below reveals the distribution of the 403 exemplary startups & scaleups we analyzed for this research. Further, it highlights five AI startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these five startups & scaleups in this report. For insights on the other 398 solutions, get in touch with us.

AI-Solutions-for-Retail-Companies-Heat-Map-StartUs-Insights-noresize

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Niflr enables Cashierless Checkout

Founding Year: 2017
Location: Bengaluru, India
Funding: USD 3 M
Partner for: Real-time Inventory Visibility

Indian startup Niflr develops an automated platform for cashier-less checkout in retail stores. The startup’s platform uses AI and computer vision to track customers and detect their interactions with the products in the store. For example, when a customer picks up an item from a shelf, the platform automatically scans and adds that information to the store bill. This allows customers to save time by avoiding queueing up at checkout points, in turn, improving in-store experiences.

Advertima Vision converts Physical Grocery Stores into Retail Media Channels

Founding Year: 2021
Location: St. Gallen, Switzerland
Funding: CHF 6 M
Partner for: Revenue-generating Retail Media Channels

Switzerland-based startup Advertima Vision converts physical grocery stores into revenue-generating retail media channels. Using 3D computer vision and advanced ML algorithms, it transforms in-store shoppers into relevant retail media audiences. The startup’s platform integrates seamlessly into existing retail media ecosystems and empowers retail media departments to offer online-like performance marketing capabilities to brands and enhances experiences for in-store shoppers.

Tiliter provides In-store Fresh Produce Detection

Founding Year: 2017
Location: Sydney, Australia
Funding: USD 7,5 M
Partner for: Smart AI Weigh Scales

Australian startup Tiliter builds an AI-based product recognition system for retail grocery stores. The system connects with existing Point of Sale (POS) systems and store cameras to provide accurate recognition of markings on organic products. It also enables store customers to check whether perishable products such as fruits, vegetables, sandwiches, are still fresh. Tiliter’s easy integration and features, such as fraud prevention and shopping bag detection, allow retailers to improve their customers’ experiences.

Palexy advances Retail Analytics

Founding Year: 2019
Location: Singapore
Funding: USD 1,2 M
Partner for: Retail Store Optimization

Palexy is a Singapore-based startup that offers AI-powered retail analytics for brick and mortar retailers to improve their store experience. Palexy’s platform integrates with in-store cameras and uses them to understand customer profiles and behavior. The platform also maps the customer journey of each individual and treats them as unique data points, enabling store staff to offer personalized services across multiple stores of a retail chain. These insights allow store managers to increase their operational efficiency and improve the shopping experience.

Snap2Insights offers Shelf Intelligence

Founding Year: 2016
Location: Portland, US
Funding: USD 1 M
Partner for: Instant Retail Visibility

Snap2Insights is a US-based startup that provides shelf intelligence solutions for retail stores. The startup’s AI-enabled platform, ReasoningAI, automates shelf inspection to offer instant retail visibility and reports on products running low in stock or underperforming products. These insights allow store managers to improve their shelf space utilization through efficient product placements. Snap2Insights also provides product pricing and promotional analytics services to increase store sales. Finally, Snap2Insights ensures product availability for customers at all times and offers effective inventory management.

Discover more Retail Startups

Retail startups such as the examples highlighted in this report focus on cashier-less checkout, shelf intelligence, smart signage as well as retail analytics. While all of these technologies play a major role in advancing the retail industry, they only represent the tip of the iceberg. To explore retail technologies in more detail, simply let us look into your areas of interest. For a more general overview, download our free Retail Innovation Report to save your time and improve strategic decision-making.

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