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To lower the cost of living for all mankind by automating and optimizing brick and mortar retail with the latest advancements in AI.
Even in the largest retailers, inventory systems are usually manual, with staff checking inventory to get an idea of stock numbers, spoilage and other metrics. These are slow and introduce a high degree of human error, as well as being difficult to carry out around shoppers.
Focal Systems leverages a network low cost, ruggedized cameras and computer vision to scan a store's shelves automatically, alerting the backroom of the need to restock an area of the store in real time. In a time when retailers are facing staff shortages and supply chain issues, this kind of automation is in high demand, as is evidenced by Focal System's customer base which includes the likes of Walmart, ShopRite and Piggly Wiggly.
Having raised an impressive amount of funding, Focal Systems is doubling down on R&D and expanding its global sales and engineering teams. As more brick and mortar retailers begin to adopt automated solutions, Focal Systems is a strong position to continue its growth.
Freddie
Company Specialist at Welcome to the Jungle
Dec 2021
$25.8m
SERIES B
Dec 2019
$4.8m
EARLY VC
This company has top investors
Francois Chaubard
(CEO)Was a part of Lockheed Martin's Engineering Leadership Development Program. Then worked as a Deep Learning Researcher at Bay Sensors and Apple.
Software Engineering