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‘Checkout-Free’ Solution Provider Raises $30 Million

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AiFi has raised a total of $30 million in its latest funding round. The AI-powered solution provider will use the money to speed up deployment of its autonomous shopping offering as it builds out hundreds of new and retrofitted autonomous stores around the world.

The funding came from exiting investors Qualcomm Ventures, Cervin Ventures and TransLink Capital along with new investor Plum Alley, among others.

The AiFi solution delivers a checkout-free experience and provides a variety of customizations and operational tools to help retailers build and operate autonomous stores. With 330 stores slated to open in 2021, AiFi has partnerships with five of the top 10 U.S. grocery chains, three of the top six European chains, and with a leading chain in Australia. A range of stores in California and Texas equipped with AiFi solutions are expected to open by the end of the year.

“We will be focusing on building out our OASIS platform so implementations will be even faster,” said Steve Gu, Co-founder and CEO of AiFi in a statement. “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.”

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