Caper AI
Founded Year
2017Stage
Acquired | AcquiredTotal Raised
$12.65MValuation
$0000About Caper AI
Caper AI is a smart shopping cart. It uses sensory devices and image recognition to scan items that are put in the shopping cart as they are tossed in. It was founded in 2017 and is based in Manhattan, New York. Instacart acquired Caper in 2021.
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Research containing Caper AI
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Caper AI in 4 CB Insights research briefs, most recently on May 3, 2023.
Mar 8, 2022 report
The 12 Industries Amazon Could Disrupt Next
Expert Collections containing Caper AI
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Caper AI is included in 5 Expert Collections, including Store tech (In-store retail tech).
Store tech (In-store retail tech)
1,930 items
Startups aiming to work with retailers to improve brick-and-mortar retail store operations.
Grocery Retail Tech
828 items
Startups providing B2B solutions to grocery businesses to improve their store and omni-channel performance. Includes customer analytics platforms, in-store robots, predictive inventory management systems, online enablement for grocers and consumables retailers, and more.
Artificial Intelligence
10,627 items
This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.
New Retail Formats
367 items
Tech-enabled, physical retail selling formats that reach beyond the walls of a traditional store.
Conference Exhibitors
5,302 items
Caper AI Patents
Caper AI has filed 2 patents.
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
12/13/2010 | 7/15/2014 | Potassium compounds, Food additives, Vegetable oils, Oxidizing agents, Fatty acids | Grant |
Application Date | 12/13/2010 |
|---|---|
Grant Date | 7/15/2014 |
Title | |
Related Topics | Potassium compounds, Food additives, Vegetable oils, Oxidizing agents, Fatty acids |
Status | Grant |
Latest Caper AI News
Apr 27, 2023
Venture Capital & Other Investments Investment in Munch Box In line with Savola Foods’ growth strategy, a subsidiary of Savola Group, we invested in Munchbox, to target high growth, youth focused markets. Established in 2014, Munchbox is a healthy snack manufacturer with a strong presence in the snack market in the UAE and accelerating growth in Saudi Arabia is part of our growth plan for the brand. Investment in Caper Savola Group invested SAR 18.8 million in Caper AI, a leader in smart cart and smart checkout technology that works to create a unified online and in-store commerce solution for retailers. Following our investment, in July, Caper was acquired by Instacart, a global eCommerce player. Other investments Aside from our managed investments in the food and retail sectors, we also pursue capital growth through our portfolio of non-managed investments. Private equity investments We are also currently invested in Swicorp (15%), Swicorp Joussour Fund (15%) and Intaj Capital Limited Fund (49%) among others. Non-managed investments The Non-managed investments are an essential part of our business strategy because they enable us to generate profits and diversify our risks. Here is a summary of some of our non-managed investments: Sl.# 1 KSA and some GCC countries 49% KSA 100% KSA
Caper AI Frequently Asked Questions (FAQ)
When was Caper AI founded?
Caper AI was founded in 2017.
Where is Caper AI's headquarters?
Caper AI's headquarters is located at 230 W 39th Street, Manhattan.
What is Caper AI's latest funding round?
Caper AI's latest funding round is Acquired.
How much did Caper AI raise?
Caper AI raised a total of $12.65M.
Who are the investors of Caper AI?
Investors of Caper AI include Instacart, REDO Ventures, FundersClub, Max Mullen, Hardware Club and 15 more.
Who are Caper AI's competitors?
Competitors of Caper AI include Trigo, Shopic, Mashgin, AiFi, Nomitri and 12 more.
Compare Caper AI to Competitors
Grabango provides a checkout-free technology for large-scale grocery and convenience store chains. The company's platform offers a fault-tolerant, edge computing network that processes simultaneous transactions. It was founded in 2016 and is based in Berkeley, California.
Standard AI provides artificial intelligence-powered autonomous checkout solutions for brick-and-mortar retailers. The Standard AI solution lets consumers shop and pay without waiting in line, scanning, or stopping to check out. The company was founded in 2017 and is based in San Francisco, California.
Trigo offers unmanned retail shopping solutions. The platform provides a ceiling-based camera network with proprietary machine vision algorithms and neural networks that identifies and captures customers' shopping items during their in-store journey. The company was founded in 2018 and is based in Ramat Gan, Israel.
MashGin provides a self-checkout machine working through a machine vision system. The company recognizes what the food items look like without user input or bar codes, and customers can swipe their cards to pay and leave. It was founded in 2014 and is based in Palo Alto, California.
SandStar is an artificial intelligence and new retail company that develops, manufactures, and operates unmanned convenience stores. SandStar can recognize over 3,000 products including vegetables, fruits, snacks, beverages, breads, fast foods, stationery, and clothes. The technology can be used in all retail checkout scenarios such as supermarkets, pharmacies, food courts, bookstores, and bakeries. Consumers simply place their items on the machine, and their prices are displayed immediately. Payments can be made via WeChat or Alipay. Additionally, merchants can be connected to the machine without having to change their existing system structure, meaning the machines can be quickly deployed and duplicated. The machine also features a face recognition anti-theft system to reduce the rate of damaged goods.
AiFi develops an AI platform that provides retailers with autonomous shopping solutions that are easy to deploy, accessible, and cost-efficient. AiFi adapts to existing or new store formats and provides a checkout-free integration for whatever a shopper needs. AiFi works with top global brands, such as Golden State Warriors, Aldi, Zabka, Carrefour, Nascar, and LCFC to name a few. The company was founded in 2016 and is based in Burlingame, California.
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