Grabango
Founded Year
2016Stage
Series B | AliveTotal Raised
$71MLast Raised
$39M | 2 yrs agoAbout Grabango
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.
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.
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 15 other companies, including Trigo, AiFi, and Zippin.
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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.
Research containing Grabango
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Grabango in 8 CB Insights research briefs, most recently on May 3, 2023.
May 4, 2021 report
The Technology Driving The Omnichannel Retail Revolution
Dec 3, 2020 report
Retail Tech 100 of 2020: The tech innovators transforming retail
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).
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.
Payments
2,672 items
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
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.
AI 100
100 items
The winners of the 4th annual CB Insights AI 100.
Grabango Patents
Grabango has filed 54 patents.
The 3 most popular patent topics include:
- Image processing
- Computer vision
- Feature detection (computer vision)
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
3/4/2021 | 12/20/2022 | Audio engineering, Loudspeakers, Broadcast engineering, Audio codecs, Sound recording | Grant |
Application Date | 3/4/2021 |
|---|---|
Grant Date | 12/20/2022 |
Title | |
Related Topics | Audio engineering, Loudspeakers, Broadcast engineering, Audio codecs, Sound recording |
Status | Grant |
Latest Grabango News
Feb 22, 2023
Feb. 20, 2023 Convenience chain Coen Markets Inc. launched two checkout-free stores, in partnership with Grabango, at its Amoco sites in Oakdale and Southpark, Pennsylvania. Source Grabango Grabango / Coen Convenience chain Coen Markets Inc. launched two checkout-free stores in partnership with Grabango , at its Amoco sites in Oakdale and Southpark, Pennsylvania. Bp previously announced its partnership with Grabango, a leading provider of checkout-free technology for large-scale chains, which allows shoppers to skip the line and save time. Amoco – a bp brand – will be the first to go live with this technology at Coen-owned sites. Grabango's deployment with Coen Markets is the most recent in a series of launches with other major retailers. "Checkout-free is quickly accelerating into the mainstream. Grabango's recent slew of store launches, all turned up in rapid succession, is part of the industry's rapid expansion that we'll see in 2023," Will Glaser, CEO of Grabango, said in the announcement. Shoppers use the Grabango app to pay for items without needing to stand in line or scan their items. Shoppers simply grab what they need and are billed in the app. Payment is contactless and automatic. Grabango leverages pure computer vision technology developed by leading experts to offer a contactless shopping experience. Grabango's checkout-free solution eliminates shrink, increases store capacity, and boosts shopper loyalty. In addition, the system installs easily without any interruption to store operations, does not require changes to store layout or product mix, and does not require special carts or gates. Sign up for Vending Market Watch eNewsletters SIGN UP
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, Honeywell Ventures, Unilever Ventures, WIND Ventures and 10 more.
Who are Grabango's competitors?
Competitors of Grabango include Trigo, Mashgin, AiFi, Nomitri, Boxy and 15 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.
Compare Grabango to Competitors
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.
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.
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 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 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.
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