Inokyo
Founded Year
2018Stage
Seed | AliveTotal Raised
$120KLast Raised
$120K | 5 yrs agoAbout Inokyo
Inokyo ceases its operation. Inokyo develops a cashier-less autonomous retail store. It creates a payment process that enables customers to enter the store and take products without checkout lines. The company was founded in 2018 and is based in San Francisco, California.
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Expert Collections containing Inokyo
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Inokyo is included in 3 Expert Collections, including Store tech (In-store retail tech).
Store tech (In-store retail tech)
1,719 items
Companies that make tech solutions to enable brick-and-mortar retail store operations.
New Retail Formats
368 items
Tech-enabled, physical retail selling formats that reach beyond the walls of a traditional store.
Grocery Retail Tech
831 items
Inokyo Patents
Inokyo has filed 4 patents.
The 3 most popular patent topics include:
- Retailing
- Brand management
- Artificial intelligence
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
3/16/2020 | 6/29/2021 | Payment systems, Retailing, Customer experience, 3D imaging, Crowdsourcing | Grant |
Application Date | 3/16/2020 |
|---|---|
Grant Date | 6/29/2021 |
Title | |
Related Topics | Payment systems, Retailing, Customer experience, 3D imaging, Crowdsourcing |
Status | Grant |
Latest Inokyo News
Aug 18, 2018
Inokyo bills itself as a "cashierless store where you can grab and go," meaning that customers walk in, pick up what they want, and leave — without standing in line waiting to check out. But how does the store charge you? Inokyo works by having customers scan in and out of the store using a QR code. Cameras are placed all over the store, and they track when a customer picks up an item, adding it to their "virtual cart," and puts back an item, removing it from their cart. The company only has a pop up store in Mountain View, California for the time being, using it as a testing ground for products that they're considering stocking in the permanent store, Inokyo co-founder Tony Francis told TechCrunch. Inokyo It looks like cashierless shopping isn't just exclusive to Amazon Go , with Inokyo and Indiana-based convenience store chain Ricker's both coming out with cashierless checkout experiences. According to Juniper Research, 'invisible payment' technologies like Amazon Go are expected to process $9.8 billion in transactions this year. That number increases dramatically to $78 billion in transactions by 2022.
Inokyo Frequently Asked Questions (FAQ)
When was Inokyo founded?
Inokyo was founded in 2018.
Where is Inokyo's headquarters?
Inokyo's headquarters is located at 49 Broderick Street, San Francisco.
What is Inokyo's latest funding round?
Inokyo's latest funding round is Seed.
How much did Inokyo raise?
Inokyo raised a total of $120K.
Who are the investors of Inokyo?
Investors of Inokyo include Y Combinator and Soma Capital.
Who are Inokyo's competitors?
Competitors of Inokyo include Trigo, Mashgin, AiFi, Boxy, Caper and 7 more.
- Predict emerging trends
- See competitors' playbooks
- Stalk the smart money
- Identify tomorrow's challengers
- Spot growing industries
- Kill analyst data work
Compare Inokyo to Competitors
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.
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.
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.
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.
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.
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