What is Accel Robotics?
Founded in 2015 and headquartered in La Jolla, California, Accel Robotics is at the forefront of enabling checkout-free shopping experiences. Their innovative camera-based AI system allows customers to simply enter a store, select their desired items, and leave, with a digital receipt automatically sent via text or app. This technology aims to streamline the retail process for both consumers and businesses, addressing the growing demand for convenience and efficiency in brick-and-mortar stores.
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 SoftBank Group Corp., Toyo Kanetsu Corporate Venture Investment Partnership, New Ground Ventures, and Revtech Ventures
Key Investors in Accel Robotics
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. Through its diverse portfolio of companies and strategic investments, including leading semiconductor IP providers, SoftBank Group supports the development and scaling of transformative technologies worldwide.
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. With a rigorous due diligence process focusing on team dynamics, product technology, unit economics, and financial needs, they offer founders insightful perspectives on business models and funding strategies.
Toyo Kanetsu Corporate Venture Investment Partnership
Undisclosed investor participating in the funding round.
What's next for Accel Robotics?
The recent major strategic investment signals a pivotal growth phase for Accel Robotics. This capital infusion is likely to accelerate product development, expand market reach, and enhance the company's AI capabilities. As Accel Robotics continues to scale its checkout-free solutions, it is well-positioned to capture a significant share of the retail technology market, potentially driving further innovation in automated retail and customer experience.
See full Accel Robotics company page
