What is Trigo?
Trigo is at the forefront of retail technology, employing advanced AI and computer vision to create a seamless checkout process for grocery stores. Their proprietary platform accurately identifies customer shopping items, enabling retailers to convert existing stores into smart, automated environments without compromising their unique character. Beyond checkout, Trigo's StoreOS offers a suite of solutions including predictive inventory management, pricing optimization, security enhancements, and event-driven marketing, all designed to boost operational efficiency and provide actionable insights for grocery chains.
How much funding has Trigo raised?
Trigo has raised a total of $82M across 2 funding rounds:
Series A
$22M
Series B
$60M
Series A (2019): $22M with participation from Red Dot Capital, Hetz Ventures, and Vertex Ventures Israel
Series B (2020): $60M led by Red Dot Capital Partners, Hetz Ventures, Vertex Ventures, and 83North Ltd
Key Investors in Trigo
Red Dot Capital Partners
Red Dot Capital Partners is a venture capital firm that has participated in Trigo's Series B funding. Their investment suggests a focus on companies with disruptive technology in established industries.
Hetz Ventures
Hetz Ventures is an investment firm that has backed Trigo in multiple funding rounds, including Series A and Series B. Their continued support indicates a belief in Trigo's long-term vision and execution capabilities.
Vertex Ventures
Vertex Ventures is an early-stage venture capital firm specializing in B2B software. Their involvement in Trigo's Series B round highlights their interest in innovative technology solutions that enhance business operations, particularly within the retail sector.
What's next for Trigo?
With substantial enterprise-level backing, Trigo is strategically positioned to accelerate its expansion and further develop its AI-driven retail automation solutions. The company's focus on integrating advanced technology into the physical grocery space, while offering a comprehensive StoreOS layer, suggests a roadmap geared towards enhancing the entire retail value chain. Future growth is likely to involve deeper penetration into existing markets and the introduction of new features that leverage their 3D engine and data analytics capabilities, solidifying their role as a key innovator in the future of grocery retail.
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