Overview

Zippin provides checkout-free retail solutions designed for busy environments like airports. Their technology allows customers to shop without waiting in traditional checkout lines by using a combination of proprietary software and hardware. Shoppers can simply pick up items and leave, with their purchases automatically tracked and billed through the app. This system not only enhances customer satisfaction by saving time but also helps retailers boost revenue and cut down on labor costs. Unlike many competitors, Zippin focuses specifically on high-traffic locations such as airports and sports venues, aiming to become the leading platform for automated shopping experiences. The company's goal is to accelerate the shift towards frictionless shopping by partnering with retailers and providing them with the tools needed to implement this technology.

Simplify's Take

What believers are saying

• Zippin's partnerships with LEGOLAND and CityPark show expansion into entertainment sectors.
• Recognition in SBJ Tech Awards highlights Zippin's AI-driven retail innovation.
• High consumer acceptance at DFW Airport indicates profitability in travel retail.

What critics are saying

• Competition from Amazon's Just Walk Out technology threatens Zippin's market share.
• AI reliance may lead to biases and inaccuracies, risking customer dissatisfaction.
• International expansion may face regulatory hurdles, delaying deployments and increasing costs.

What makes Zippin unique

• Zippin offers checkout-free technology using AI and sensor fusion for accuracy.
• Founded by Amazon and SRI veterans, Zippin has deep retail tech and AI expertise.
• Zippin's platform is tailored for high-traffic areas like airports and sports venues.

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Funding

Total Funding

$42.8M

Below

Industry Average

Funded Over

3 Rounds

$30,000,000

Series B

Sep 2021

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Below Average

Industry standards

Ind Avg. $35M

$4M

$30M

$30M

$45M

$65M

$100M

View all funding stages