What is Accel Robotics?
Founded in 2015, Accel Robotics specializes in developing advanced AI-powered systems that facilitate checkout-free shopping. Their innovative camera-based technology allows customers to enter a store, select desired items, and then leave without traditional checkout processes, receiving a digital receipt via text or app. This solution is designed to be adaptable to both existing retail infrastructures and new store formats, aiming to enhance customer convenience and operational efficiency for retailers.
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 venture capital firm that specializes in funding early-stage entrepreneurs across diverse industries, particularly in software, consumer, and deep tech sectors. They focus on rigorous due diligence and building long-term relationships with founders.
SoftBank Group Corp.
SoftBank Group Corp. is a global technology holding company driving innovation across telecommunications, internet services, artificial intelligence, and smart robotics. They support transformative technologies worldwide through strategic investments and their Vision Fund.
Revtech Ventures
Undisclosed investor participating in the funding round.
What's next for Accel Robotics?
With the recent strategic investment and a total funding amount of $30M, Accel Robotics is poised for significant expansion. The company's focus on checkout-free technology places it at the forefront of retail innovation, addressing a growing demand for seamless shopping experiences. Future developments are likely to involve scaling their technology across a broader range of retail partners, further refining their AI capabilities, and potentially exploring new applications for their computer vision and machine learning expertise. The enterprise-level backing suggests a strategic push towards wider market adoption and integration within the retail ecosystem.
See full Accel Robotics company page
