Focal Systems’ platform helps retailers cut shelf scanning cost in half by switching from manual to automated shelf scans.
The solution is based on low cost, discrete shelf cameras, a sophisticated computer vision model and a cloud-based machine learning platform that is tuned for complex retail environments.
By providing automated, real-time insight into on-shelf product availability, retailers can repurpose store personnel to focus on customer experience and other higher value tasks.
In addition, the real time data captured by the shelf cameras feeds into Focal Systems’ AI engine which can help automate and optimize product availability and merchandising decisions.
These optimizations have proven to save up to 50% on manual shelf scanning cost and significantly improve in-store customer experience via higher product availability which generates a 3-5% increase in sales compared to baseline stores.
Focal Systems’ platform is deployable at scale and will provide impactful results from day one. It also integrates with existing retail systems and applications to enable additional cost savings and insights from its real-time product availability and analysis.
Focal Systems’ shelf cams are deployed at scale with proven results at several major global retailers and every day process more than 10M shelf scan images.
Location: United States, California, Burlingame
Employees: 51-200
Total raised: $25.8M
Founded date: 2015
Investors 4
Date | Name | Website |
- | Y Combinat... | ycombinato... |
- | Costanoa V... | costanoa.v... |
- | Seabed VC | seabed.vc |
- | Costanoa V... | costanoavc... |
Funding Rounds 1
Date | Series | Amount | Investors |
- | Series B | $25.8M | - |
Mentions in press and media 17
Date | Title | Description | Source |
15.08.2023 | Highlight launches full-stack application monitoring platfor... | San Francisco-based Highlight, a startup looking to streamline web application observability for ent... | venturebea... |
25.05.2023 | Focal Systems Wins “Overall Store Management Solution Provid... | Consumer tastes and expectations change rapidly, so retailers need to stay at the forefront of trend... | prweb.com/... |
05.04.2023 | Топ 10 инновационных компаний 2023 от Fast Company в сфере р... | В 2022 году Hodinkee стала ведущим игроком на рынке винтажных и подержанных часов благодаря приобрет... | vc.ru/s/12... |
16.11.2022 | Leading Retail, Grocery AI Company Enters UK Market | Focal Systems Aims to Automate and Optimise UK Retailers Focal Systems, the industry leader in reta... | aithority.... |
13.10.2022 | Piggly Wiggly Midwest Partners with Focal Systems to Leverag... | Focal Systems, the industry leader in retail automation, announced a partnership with Piggly Wiggly ... | aithority.... |
23.09.2022 | 7 retail AI startups aim to give stores a happy holiday seas... | Were you unable to attend Transform 2022? Check out all of the summit sessions in our on-demand libr... | venturebea... |
15.09.2022 | The Week in Agrifoodtech: PepsiCo. & ADM partner on rege... | This week, PepsiCo. and ADM made a major announcement that could boost regenerative agriculture prac... | agfunderne... |
03.01.2022 | Focal Systems Raises $25.8M in Series B Funding | ì Focal Systems, a San Francisco, CA-based retail automation company, closed a $25.8m Series B fina... | finsmes.co... |
27.12.2021 | Focal Systems Raises $25.8M in Series B Funding to Automate ... | SAN FRANCISCO, Dec. 27, 2021 /PRNewswire/ -- Focal Systems, the industry leader in retail automation... | marketscre... |
27.12.2021 | Focal Systems Raises $25.8M in Series B Funding | SAN FRANCISCO, CA, Focal Systems, a retail automation startup, closed a $25.8m Series B financing ... | vcnewsdail... |
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