Six retail tech funding rounds you need to know about
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.
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.
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.
