Nomitri lands funding for mobile-based AI self-checkout solution
Berlin-based AI startup Nomitri has closed a €2.5 million seed round led by FoodLabs.
The venture helps bricks and mortar retailers create a personalised and data driven shopping experience.
Its mobile shopping assistant serves as a self-checkout solution, including fraud prevention and customer behaviour insights.
Embedded AI technology enables deep learning algorithms to run directly on endpoints.
Customers include German supermarket chain Edeka Lüning.
“Securing this new funding is proof that the world is noticing us. We are happy to have the great FoodLabs team backing us on our mission to build products that make a difference to our customers and solve real problems in the retail space with our embedded AI solutions,” says Nomitri Co-founder and CEO Trinh Le Fiedler.
“Right from the start we have been impressed by the proprietary technology as well as the outstanding expertise and commitment of the Nomitri team,“ says Patrick Huber, General Partner at FoodLabs.
“The food retail revolution is just getting started, and we’re convinced that Nomitri’s AI technology can set new standards here.“
