2 years ago

SeeChange Technologies Raises £8 Million in Seed Extension Funding for Retail Visual AI

  • SeeChange Technologies, a UK-based company specializing in retail-focused visual AI, has raised £8 million in seed extension funding

  • The round was led by TriplePoint, with participation from new investors including Runa Capital and True Capital, and original investor Crane Venture Partners

  • The company will use the funds to expand commercial deployment and strengthen its commercial and support teams

  • SeeChange Technologies focuses on real-time AI-powered recognition systems that are easy to deploy and scale

  • Their Visual AI platform, SeeWare®, enhances self-checkout, preempts stockouts, improves safety, and reduces loss

      • ProblemTechnology

      "Retailers struggle with inefficient self-checkout experiences, stockouts, safety concerns, and loss prevention. These issues lead to lost sales, frustrated customers, and increased costs."

      Solution

      "SeeChange Technologies offers a visual AI platform, SeeWare®, that uses existing retail hardware to analyze video footage in real-time. This provides insights to improve self-checkout efficiency, prevent stockouts, enhance safety, and reduce loss for retailers."

      Covered on