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Founded Year

2016

Stage

Series B | Alive

Total Raised

$71M

Last Raised

$39M | 2 yrs ago

About Grabango

Grabango provides a checkout-free technology for large-scale grocery and convenience store chains. It allows shoppers to skip the checkout line and simply walk out after scanning. 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.

Headquarters Location

2105 Bancroft Way

Berkeley, California, 94704,

United States

510-462-2571

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Grabango's Product Videos

ESPs containing Grabango

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Consumer & Retail / In-Store Tech

The unattended checkout market offers a range of solutions to retailers looking to provide unmanned point-of-sale and checkout technology. Solutions involve the deployment of kiosks, mobile applications, and computer vision technology to facilitate a seamless and contactless checkout experience for customers. This market is driven by the increasing demand for convenient and efficient shopping expe…

Grabango named as Leader among 12 other companies, including Trigo, AiFi, and Everseen.

Grabango's Products & Differentiators

    Grabango

    TECHNOLOGY: We provide retailers with a patented, end-to-end solution to automate the checkout process and provide new insights into store operations and shopper behavior. We combine patented hardware, on-premise and cloud computing and AI-powered computer vision that dynamically tracks shoppers, products, and store layouts. CHECKOUT: We automate the checkout process by tracking what shoppers pick up and put down. Shoppers checkout at our pay station with a digital wallet, credit or debit card, or Apple/Google Pay. For grocery, the pay station integrates a digital scale to weigh random weight items. The checkout process can take as little as one-second. ANALYTICS: We leverage the petabytes of data we capture to provide unique insights including out-of-stocks, conversion rates, dwell times and heat maps, and more.

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Expert Collections containing Grabango

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Grabango is included in 8 Expert Collections, including Store tech (In-store retail tech).

S

Store tech (In-store retail tech)

1,946 items

Companies that make tech solutions to enable brick-and-mortar retail store operations.

G

Grocery Retail Tech

831 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.

P

Payments

2,779 items

Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.

A

Artificial Intelligence

10,944 items

Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.

N

New Retail Formats

368 items

Tech-enabled, physical retail selling formats that reach beyond the walls of a traditional store.

A

AI 100

100 items

The winners of the 4th annual CB Insights AI 100.

Grabango Patents

Grabango has filed 56 patents.

The 3 most popular patent topics include:

  • Computer vision
  • Image processing
  • Feature detection (computer vision)
patents chart

Application Date

Grant Date

Title

Related Topics

Status

2/7/2022

9/5/2023

Feature detection (computer vision), Face recognition, Computer vision, Object recognition and categorization, Surveillance

Grant

Application Date

2/7/2022

Grant Date

9/5/2023

Title

Related Topics

Feature detection (computer vision), Face recognition, Computer vision, Object recognition and categorization, Surveillance

Status

Grant

Latest Grabango News

Grabango lays off employees across several departments

Sep 18, 2023

The frictionless checkout provider declined to specify the number of impacted team members, though multiple LinkedIn posts indicate cuts hit 40% of the company. Published Sept. 18, 2023 First published on Dive Brief: Grabango, the frictionless checkout service that’s made its way into several convenience store chains, has laid off an undisclosed number of employees, Ken Fenyo, the company’s chief marketing officer, confirmed via email. The reduction in force (RIF) made this month impacted team members across Grabango’s marketing, engineering and sales departments, according to LinkedIn posts written by several impacted employees. While many of these employees posted to LinkedIn that Grabango’s RIF included 40% of the company , Fenyo emphasized via email that it “was not as significant as 40%.” Dive Insight: Grabango employees who posted on LinkedIn that they were part of the RIF included the company’s head of client success; a senior machine learning infrastructure engineer; a business development and strategic partnership manager; a computer vision engineer; a field marketing manager; and a product marketing team member. Three of these former Grabango employees noted that the RIF impacted 40% of the company, while one said it hit 50%. When asked via email to corroborate these statements, Fenyo declined to provide details except for the statement that it was “not as significant” as that. According to its LinkedIn profile, Grabango has around 120 employees. Founded in 2016 by Will Glaser, the co-founder and chief technology officer of Pandora Radio, Grabango’s contactless technology lets customers enter stores, select any non-age-restricted products and pay through the retailer’s mobile app by scanning a code instead of standing in line at a cash register. Grabango’s platform has been tested at select locations of several large-scale c-store retailers over the years , including BP, GetGo Cafe + Market, Mapco, Circle K and ExtraMile Convenience Stores. It remains unknown how Grabango’s RIF will impact its partnerships with c-store retailers, as well as other businesses across other industries it works with.

Grabango Frequently Asked Questions (FAQ)

  • When was Grabango founded?

    Grabango was founded in 2016.

  • Where is Grabango's headquarters?

    Grabango's headquarters is located at 2105 Bancroft Way, Berkeley.

  • What is Grabango's latest funding round?

    Grabango's latest funding round is Series B.

  • How much did Grabango raise?

    Grabango raised a total of $71M.

  • Who are the investors of Grabango?

    Investors of Grabango include Founders Fund, Commerce Ventures, Unilever Ventures, Honeywell Ventures, WIND Ventures and 15 more.

  • Who are Grabango's competitors?

    Competitors of Grabango include Trigo, Mashgin, AiFi, Nomitri, Boxy and 16 more.

  • What products does Grabango offer?

    Grabango's products include Grabango.

  • Who are Grabango's customers?

    Customers of Grabango include bp, Chevron and Circle K.

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  • Predict emerging trends
  • See competitors' playbooks
  • Stalk the smart money
  • Identify tomorrow's challengers
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Compare Grabango to Competitors

Standard AI Logo
Standard AI

Standard AI provides artificial intelligence-powered autonomous checkout solutions for retailers. It lets consumers shop and pay without waiting in line, scanning, or stopping to check out and accepts both cash and credit payments. Its payment facilities leads to controlling of cost for retailers. The company was founded in 2017 and is based in San Francisco, California.

Trigo Logo
Trigo

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.

AiFi Logo
AiFi

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.

Zippin Logo
Zippin

Zippin offers checkout-free technology enabling retailers to deploy shopping in their stores. The company's approach uses AI, machine learning, and sensor fusion technology to create a consumer experience that includes: banishing checkout lines and self-scanners for goods and letting shoppers zip in and out with their purchases. Zippin's platform uses product and shopper tracking through overhead cameras as well as smart shelf sensors for high levels of accuracy among crowded stores. It was founded in 2018 and is based in San Francisco, California.

Mashgin Logo
Mashgin

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 Logo
SandStar

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.

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