London-based startup Neurolabs bags $7.8 million in funding for retail and CPG focused visual AI system

Neurolabs has raised $7.8 million in Series A funding, led by Nauta and joined by existing investors LAUNCHub, Lunar Ventures, and Techstart Ventures.

"We started Neurolabs to build the most comprehensive visual AI system for real-world challenges in retail and CPG. From warehouse picking to shelf monitoring in supermarkets, our AI is built to handle it all - accurately, reliably, and at scale," says Paul Pop, Co-founder and CEO.

"As the world is running out of data to train AI on, we’ve built the largest 3D model library of CPG products. This allows us to train our AI entirely in simulation, outperforming traditional computer vision approaches in the field."

He adds: "With this funding, we’re expanding across the UK, Europe, and the US, building toward full coverage of the retail shelf - over one million CPG products, end to end."

RTIH AI in Retail Awards

RTIH, organiser of the industry leading RTIH Innovation Awards, proudly brings you the first edition of the RTIH AI in Retail Awards, which is now open for entries. 

As we witness a digital transformation revolution across all channels, AI tools are reshaping the omnichannel game, from personalising customer experiences to optimising inventory, uncovering insights into consumer behaviour, and enhancing the human element of retailers' businesses.

With 2025 set to be the year when AI and especially gen AI shake off the ‘heavily hyped’ tag and become embedded in retail business processes, our newly launched awards celebrate global technology innovation in a fast moving omnichannel world and the resulting benefits for retailers, shoppers and employees.

Our 2025 winners will be those companies who not only recognise the potential of AI, but also make it usable in everyday work - resulting in more efficiency and innovation in all areas.

Winners will be announced at an evening event at The Barbican in Central London on Wednesday, 3rd September.

This will kick off with a drinks reception in the stunning Conservatory, followed by a three course meal, and awards ceremony in the Garden Room.

Please email our Editor, Scott Thompson, if you have any questions or need further information: scott.thompson@retailtechinnovationhub.com

Key 2025 dates

Friday, 18th July: Award entry deadline 

Tuesday, 22nd July: 2025 finalists revealed

Wednesday, 23rd July - Friday, 8th August: Judging days

Wednesday, 3rd September: Winners announced at the 2025 RTIH AI in Retail Awards Ceremony, to be held at The Barbican in Central London.