Checkout free stores startup Sensei raises $6.5 million

Lisbon-based computer vision startup, Sensei, has secured a seed round of $6.5 million.

This was led by Seaya Ventures and Iberis Capital, with participation from 200M Fund managed by BPF, and existing investor LeadX Capital.

Sensei provides autonomous store technology. The injection of funding will be used to expand R&D efforts, meet increasing demand, accelerate new store launches and roll-out its solution in Europe.

Extra motivation to start the year, Sensei highlighted as one of the most promising Portuguese startups that will make a difference in 2020.💪 Let's make it happen! https://t.co/3OIUcek8wh
— Sensei (@Sensei_tech) January 4, 2020

Vasco Portugal, Sensei’s CEO and Co-founder, says: “We’re thrilled to have secured this investment with new and existing investors, and have big ambitions to use it to change the way the world shops with autonomous stores.”

“Our technology will help level the playing field for retailers to compete against digital giants such as Amazon. We aim to enhance the familiar and enjoyable customer shopping experience, making it seamless, convenient and safe.”

“We are very excited to have the opportunity to join the Sensei team in their journey to completely transform the way we shop at a physical store, and we are looking forward to supporting them through our experience of scaling high growth international businesses,” comments Aris Xenofontos, Principal at Seaya Ventures.

“We are delighted to invest in a business that is part of the digitalisation of commerce, a trend that is currently clearly being accelerated.”