Work Here?
About AiFi
Industries
Data & Analytics
Consumer Software
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$106M
Headquarters
Burlingame, California
Founded
2016
Overview
AiFi provides technology solutions for the retail industry by using artificial intelligence to create autonomous shopping experiences. Their products utilize computer vision to understand and interpret the retail environment, allowing for a smooth and automated shopping process. AiFi offers three main solutions: retailers can retrofit their existing stores with AiFi's technology, install a fully assembled portable store, or implement an AI-powered frictionless checkout system in new locations. This flexibility allows retailers to modernize their operations with minimal disruption. Additionally, AiFi provides exclusive shopper analytics that help retailers track customer behavior and optimize their operations. The company's goal is to enhance the shopping experience and improve efficiency for retailers through customizable AI solutions.
Simplify's Take
What believers are saying
- AiFi's partnership with Mastercard enhances seamless payment solutions in autonomous stores.
- Recognition as Forbes' Best Startup Employers 2024 attracts top talent and investors.
- Global expansion with stores in Abu Dhabi and Berlin shows successful international strategy.
What critics are saying
- Increased competition from Autonomo Technologies may lead to market share loss.
- Sam's Club's AI-powered checkout expansion could reduce AiFi's competitive edge.
- International expansion exposes AiFi to geopolitical risks and regulatory challenges.
What makes AiFi unique
- AiFi uses 100% computer vision for autonomous shopping, unlike competitors relying on sensors.
- AiFi offers customizable, portable stores, providing flexibility for diverse retail environments.
- AiFi provides exclusive shopper analytics, similar to e-commerce, enhancing retailer insights.
Help us improve and share your feedback! Did you find this helpful?
Funding
Total Funding
$106M
Above
Industry Average
Funded Over
4 Rounds
Industry standards
Benefits
Remote Work Options
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 2%2 year growth
↑ 5%Lori’s Gifts, one of the nation’s largest operators of hospital gift shops, rolled out fully automated, checkout-free stores as the next step of its expansion into the healthcare retail market. Called GO Market by Lori’s, these gift shops will open in small hospitals where a staffed store is not financially feasible, according to the retailer, [] The post Lori’s Gifts Launches Checkout-Free Hospital Retail Stores appeared first on PYMNTS.com.
The technology that lets you bypass the checkout has been developed by a company called AiFi (pronounced "eye-fi"), which has partnered with Mastercard to create a seamless shopping experience.
AiFi was named one of SBJ's 10 Most Innovative Sports Tech Companies, part of the third annual class of honorees that will be recognized during next week's SBJ Tech Week.
Rehman joins Autonomo from AiFi Inc where he was the GM for UKI, Nordics, Baltics and Middle East.
In the battle for the future of shopping, Sam’s Club is betting on artificial intelligence. Since January, the Walmart-owned retailer has rolled out AI-powered checkout technology at over 120 stores. Using a combination of AI, computer vision and digital tech, Sam’s Club’s system identifies what’s in a shopping cart, confirming customers have paid for their items without requiring an associate to check their purchases before leaving the store. The technology, first unveiled at the Consumer Electronics Show, promises to transform the grocery shopping experience
AiFi is Hiring for 2 Jobs on Simplify!
Find jobs on Simplify and start your career today
About AiFi
Industries
Data & Analytics
Consumer Software
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$106M
Headquarters
Burlingame, California
Founded
2016
AiFi is Hiring for 2 Jobs on Simplify!
Find jobs on Simplify and start your career today