From autonomous checkouts to warehouse robots, RTIH rounds up the retail technology ventures who have been making waves with major investments.
1. Peak
Artificial Intelligence startup Peak has announced a $21 million Series B funding round led by VC firm Oxx, with participation from existing investors MMC Ventures and Praetura Ventures, and newbie Arete.
This brings its total funding raised to date to $43 million.
The Series B cash will fuel global expansion plans, with new offices opening in both the USA and India, as well as continued R&D investment in Peak’s decision intelligence software.
Hey, everyone. We have some news... 💥
— Peak (@Peak_HQ) February 17, 2021
We're delighted to announce that we’ve raised $21 million in Series B funding, to help us make #DecisionIntelligence a reality for more businesses around the world.
Learn more 👇
2. Standard Cognition
US-based autonomous checkout solution provider, Standard Cognition, is basking in the glow of a $150 million Series C round led by SoftBank.
This puts the venture’s valuation at $1 billion+.
3. Locus Robotics
Locus Robotics, which specialises in autonomous mobile robots for fulfilment warehouses, has landed $150 million in Series E funding, bringing its valuation to $1 billion.
The round was led by Tiger Global Management and BOND.
Picking with Locus is easy as Pi! 🥧
— Locus Robotics (@LocusRobotics) February 3, 2021
Last night at 6:37 ET time LocusBot 3527 brought our total units picked to 314,159,265 fulfilling the order of a sleek pair of running shoes. #LocusRobotics #Fulfillment #Pi #Ecommerce pic.twitter.com/5g7B7Y0xTw
4. Stripe
Former Bank of England Governor Mark Carney has joined the board of online payments provider Stripe.
The announcement closely follows reports that the US firm is planning a primary funding round, valuing it at more than $100 billion.
5. Gophr
Last mile delivery venture, Gophr, has bagged £4 million in a funding round led by Nauta Capital.
The cash is earmarked for strengthening the company’s core product through improved UX and client customisation options and driving growth.
Richard's a legend 🏆 We'll pass on the shout out and make sure his van gets sorted https://t.co/m1tXvIIVQV
— Gophr (@gophr) February 17, 2021
6. Shippo
Shippo, a startup that powers shipping services for e-commerce companies, has announced a $45 million investment led by D1 Capital.
The new capital values the venture at $500 million.
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