AiFi raises $30 million for autonomous store technology, will launch in 330 stores

AiFi Inc., a provider of autonomous store technologies, has raised a total of $30 million in additional funding from Qualcomm Ventures LLC, existing investors Cervin Ventures and TransLink Capital, and new investor Plum Alley, among others, according to a press release.

AiFi is building out hundreds of new and retrofitted autonomous stores around the world. With 330 stores slated to open in 2021, AiFi has partnerships with five U.S. grocery chains, three European chains and a chain in Australia. A range of stores in California and Texas are expected to open by the end of the year.

AiFi's solution delivers a checkout-free experience with instantaneous receipts and provides customizations and operational tools to help retailers build and operate autonomous stores.

«With this new funding, AiFi will continue to develop its technology so stores around the world will get smarter and more efficient, making in-store shopping easier, more profitable and safer than ever before,» Steve Gu, AiFi co-founder and CEO, said in the press release.

Source: Kiosk Marketplace