Zippin plans to use the funds to deploy its tech across tens of thousands of stores by 2025. Here are the top-line bullets you need to know.
Zippin, a checkout-free tech provider, has raised $30M in a Series B. The round drew participation from SAP, OurCrowd, and Maven Ventures, among others.
How’s the company performing?
- California-based Zippin leverages AI, machine learning, overhead cameras, and smart shelf sensors to provide a cashier-less checkout experience to its shoppers.
- The company has inked global partnerships with Aramark, Sberbank, Compass Group, Americanas, and the Sacramento Kings’ Golden 1 Center.
- Zippin powers checkout-free operations in 4 continents across a variety of businesses, including grocery and convenience stores, hotels, sports stadiums, and residential buildings.
Source: Zippin
Why does the market matter?
- The global AI-powered checkout market is projected to grow at a CAGR of 37.2% and reach a value of $1.18B by 2027, according to The Insight Partners.
- Increasing demand for contactless technology amid the pandemic, rising adoption of AI and sensors, and the desire to reduce labor costs have contributed to industry growth.
Want to see more research? Join a demo of the CB Insights platform.
If you’re already a customer, log in here.
