What is Accel Robotics?
Founded in 2015, Accel Robotics specializes in the deployment of camera-based AI systems designed to eliminate traditional checkout friction. The company's platform enables a frictionless consumer journey where shoppers can select items and exit stores without manual scanning, with transactions processed automatically via mobile notifications. This technology is engineered to be store-agnostic, allowing for integration across both legacy retail formats and modern, emerging store designs. By leveraging advanced machine learning and computer vision, Accel Robotics provides retailers with actionable insights into inventory management and consumer behavior, effectively bridging the gap between physical retail and digital convenience.
How much funding has Accel Robotics raised?
Accel Robotics has raised a total of $30M across 1 funding round:
Series A
$30M
Series A (2019): $30M with participation from New Ground Ventures, Revtech Ventures, Toyo Kanetsu Corporate Venture Investment Partnership, and SoftBank Group Corp.
Key Investors in Accel Robotics
New Ground Ventures
New Ground Ventures is a proactive venture capital firm that specializes in funding early-stage, visionary entrepreneurs across diverse industries, particularly in software, consumer, and deep tech sectors.
SoftBank Group Corp.
SoftBank Group Corp. is a global technology holding company driving innovation across telecommunications, internet services, artificial intelligence, smart robotics, IoT, and clean energy technologies.
Revtech Ventures
Undisclosed investor participating in the funding round.
What's next for Accel Robotics?
With the support of major institutional backers, Accel Robotics is poised to accelerate its enterprise-level deployment strategy. The company is expected to focus on scaling its operational capacity to meet the rising demand for automated retail solutions. Future strategic initiatives will likely involve expanding its footprint in high-traffic urban environments and refining its AI algorithms to handle increasingly complex retail scenarios. As the retail sector continues to prioritize operational efficiency and enhanced customer experiences, Accel Robotics is well-positioned to leverage its recent capital to solidify its market leadership and drive the next wave of innovation in autonomous commerce.
See full Accel Robotics company page
