Grabango

company

About

Grabango is a checkout-free technology for existing, large-scale grocery, and convenience stores.

  • 51 - 100

Details

Last Funding Type
Series A
Last Funding Money Raised
$14.13M
Industries
Computer Vision,Machine Learning,Retail Technology,Software
Founded date
Jan 1, 2016
Number Of Employee
51 - 100
Operating Status
Active

Grabango is a checkout-free technology for existing, large-scale grocery, and convenience stores. Grabango is working with billion-dollar global retailers to retrofit existing stores to make waiting in lines a thing of the past. They just raised $39M in Series B funding, and we are excited to accelerate the growth of their team and their store deployments to deliver on their mission to eliminate lines and save people time.

With Grabango, shoppers choose their items as usual, and then skip the line by scanning a code in their Grabango app on the way out. Our solution uses computer vision technology to identify items as they are picked up. It counts those items and sends the receipt to the shopper’s phone after they leave the store. Grabango delivers a seamless shopping experience that is becoming the global standard.

Driven by passion to improve peoples’ daily lives, our technology brings computer vision and machine learning to existing brick-and-mortar stores by processing the interactions between people and products. We are the first and only company to successfully retrofit checkout-free technology into an existing store and work with high accuracy in a dynamic, real world environment. No facial recognition technology is used and all data is anonymized to protect customer privacy.

Founded in 2016, Grabango is based in Berkeley, California.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$14.13M
Grabango has raised a total of $14.13M in funding over 2 rounds. Their latest funding was raised on Jan 7, 2019 from a Series A round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jan 7, 2019 Series A $14.13M 1 Propel VC Detail

Investors

Number of Lead Investors
Number of Investors
1
1
Grabango is funded by 1 investors. Propel VC are the most recent investors.
Investor Name Lead Investor Funding Round
Propel VC Yes Series A