What is Zippin?
Founded in 2018, Zippin is at the forefront of revolutionizing the retail experience through its advanced cashierless AI systems. The company enables retailers to rapidly implement frictionless shopping environments, allowing customers to complete their purchases without traditional checkout lines. Zippin's technology leverages computer vision and AI to accurately track items customers select, streamlining the entire shopping journey and enhancing operational efficiency for businesses. The company's focus on innovation positions it as a key player in the evolving landscape of retail technology.
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 NTT DOCOMO Ventures, SAP.iO, Scrum Ventures, Nomura Research Institute, Arca Continental, and Evolv Ventures
Series B (2021): $30M supported by SAP, Maven Ventures, OurCrowd, and Evolv Ventures
Key Investors in Zippin
SAP
SAP, a global leader in enterprise resource planning (ERP) software, provides comprehensive business solutions that help organizations streamline operations and drive digital transformation. Their investment in Zippin suggests a strategic interest in the intersection of AI and retail technology.
Maven Ventures
Maven Ventures is an investment firm that typically focuses on early-stage technology companies. Their participation in Zippin's funding round indicates a belief in the company's innovative approach to retail technology.
Evolv Ventures
Evolv Ventures Capital Fund, backed by Kraft Heinz, invests in emerging tech companies transforming the food industry. Their involvement with Zippin highlights a strategic alignment with technologies that enhance the consumer purchasing experience.
What's next for Zippin?
With the recent major strategic investment, Zippin is poised for accelerated growth and further development of its checkout-free technology. This capital infusion is expected to fuel the expansion of its deployment capabilities, allowing more retailers to adopt Zippin's AI systems. The company's trajectory suggests a strong focus on scaling its operations, enhancing its AI algorithms, and potentially exploring new market segments within the retail technology sector. Zippin's strategic backing indicates a confidence in its ability to lead the charge in creating the future of in-store retail experiences.
See full Zippin company page
