a year ago

Autonomo Raises £2 Million to Expand Cashierless Retail in the UK

  • Autonomo, a checkout-free software company, has raised £2 million in Seed funding led by Potter Ventures and River Capital

  • The funding will be used to bring Autonomous computer-vision-powered checkout solutions to the UK, following the company's success in Germany

  • Autonomo's technology enables retailers to convert existing stores into a cashierless shopping experience, benefiting both shoppers and retailers by reducing queues, staff inefficiencies, and theft.

      • ProblemTechnology

      "Retailers are struggling with long queues, staff shortages, theft and shrinkage, and the need to offer seamless shopping experiences."

      Solution

      "Autonomo's checkout-free software uses computer vision to track shoppers and their purchases, allowing them to simply tap their payment card or phone and exit the store without having to wait in line or interact with a cashier. This system also helps to deter theft and reduce shrinkage, making it a cost-effective solution for retailers of all sizes."

      Covered on