Accel Robotics, an AI and computer vision solution provider focused on technology for checkout-free stores, has raised $30 million in a Series A round of funding led by SoftBank, with participation from New Ground Ventures, Toyo Kanetsu Corporate Venture Investment Partnership and RevTech Ventures.
The funding, which brings the company’s total capital to $37 million, will allow Accel Robotics to accelerate its expansion by growing operations, increasing manufacturing capacity and streamlining its deployment pipeline.
Accel Robotics aims to improve the in-store experience by eliminating checkout lines and offering key data streams, such as live inventory and shopper analytics, to employees. The commerce platform already has been deployed in grocery, convenience, quick service restaurants and drugstore chains across North America and Japan.
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