What is Zippin?
Founded in 2018, Zippin is pioneering the next generation of checkout-free technology, enabling retailers to rapidly implement frictionless shopping solutions within their physical stores. The company's core offering comprises advanced AI systems that allow customers to complete their purchases swiftly and without traditional checkout lines. This technology addresses a key pain point in retail, aiming to enhance customer convenience and operational efficiency for businesses.
How much funding has Zippin raised?
Zippin has raised a total of $44M across 3 funding rounds:
Angel/Seed
$2M
Series A
$12M
Series B
$30M
Angel/Seed (2018): $2M, investors not publicly disclosed
Series A (2019): $12M led by Evolv Ventures, Nomura Research Institute, Arca Continental, NTT DOCOMO Ventures, Scrum Ventures, and SAP.iO
Series B (2021): $30M supported by Evolv Ventures, SAP, Maven Ventures, and OurCrowd
Key Investors in Zippin
Evolv Ventures
Evolv Ventures Capital Fund is a venture fund backed by Kraft Heinz, focused on investing in emerging tech companies transforming the food industry and accelerating Kraft Heinz's exposure to new technologies.
SAP
SAP is a global leader in enterprise resource planning (ERP) software and business applications, providing comprehensive software solutions and cloud services to streamline business processes and drive digital transformation for organizations worldwide.
Maven Ventures
Maven Ventures is an investment firm focused on backing innovative companies, likely specializing in early-stage technology ventures with high growth potential.
What's next for Zippin?
The substantial enterprise-level backing Zippin has garnered, particularly the recent strategic investment, positions the company for accelerated growth and market expansion. This capital infusion is expected to fuel further development of its AI and computer vision technologies, enabling Zippin to scale its operations and onboard more retail partners. The company's focus on frictionless checkout aligns with broader retail trends towards digitalization and enhanced customer journeys, suggesting a strong trajectory for future innovation and market penetration.
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