About AiFi
AiFi is a Retail company based in Santa Clara (United States) founded in 2016. It operates as an AI-based autonomous store solutions are provided for retailers and brands. It operates in the Retail and Technology sectors. AiFi has raised $90.7 million across 4 funding rounds from investors including Verizon, REWE and Plug and Play Tech Center. Its chief executive is Steve Carlin. Its website aifi.com draws about 27 thousand monthly visits. AiFi offers products and services including AiFi Refresh, AiFi Build, and AiFi To-Go. Its focus areas include Autonomous Retail, Physical Stores, Technology Enablers and Autonomous Store Platform. Its legal entity is AIFI INC. Its competitors include Presto, Mashgin, Focal systems, ITAB and Accel Robotics and 1 more; 5 of its 6 listed competitors have raised funding.
Company details
AiFi was founded in 2016 in Santa Clara, United States, within the retail technology sector. Autonomous checkout-free shopping experiences are enabled for businesses through AI-driven platforms. Sensor fusion technology, combined with camera and sensor networks, is utilized for real-time tracking of people and product recognition. Retail stores are supported with inventory management data alongside insights into consumer shopping behaviors and product preferences.
- Total Equity Funding$90.7M (USD)
in 4 rounds
- Latest Funding Round$6.7M (USD), Series B
Jul 2024
- InvestorsVerizon
& 14 more
Products & Services of AiFi
AiFi offers a comprehensive portfolio of products and services, including AiFi Refresh, AiFi Build, and AiFi To-Go.
Enables affordable automation of existing stores with minimal disruption.
Facilitates AI-powered checkout for efficient new retail setups.
Provides modular stores for staff-free retail in various locations.
Apps and channels of AiFi
its YouTube channel AiFi has 858 subscribers and 19 videos.
Videos from AiFi
The most watched videos on AiFi's YouTube channel, AiFi (858 subscribers). Click a video to play it here.
More on AiFi.
Funding Insights of AiFi
AiFi has successfully raised a total of $90.7M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $6.7 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $90.7M
- Total Rounds 4
- Last Round Series B β $6.7M
- First Round $4M
(Feb 2018)
- Investors Count 15
All 4 funding rounds of AiFi with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2024 | $6.7M | Series B | β | β | β |
| Mar 2022 | $65M | Series B | β | Verizon, REWE | |
| Oct 2020 | $15M | Series B | β | Qualcomm Ventures | |
| Feb 2018 | $4M | Seed | β | StartX, Plug and Play Tech Center |
15 investors in total: 15 institutional.
Investors in AiFi
AiFi has secured backing from 15 investors, including institutional and venture fund investors. Prominent investors backing the company include Verizon, REWE and Plug and Play Tech Center.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investing in technology sectors such as AI and automotive. | 2000 | qualcommventures.com | San Diego, United States | |
US & Asia focused seed, early & expansion stage VC firm | – | translinkcapital.com | Palo Alto, United States | |
Business consulting services are provided by Cervin to various clients. | – | cervin.com | Palo Alto, United States | |
Startups are accelerated by Stanford-backed program in Palo Alto. | – | startx.com | Palo Alto, United States | |
Startups are accelerated and invested in across multiple tech sectors. | 2006 | plugandplaytechcenter.com | Sunnyvale, United States | |
Venture capital firm specializing in early-stage tech investments and founder support. | 1965 | greylock.com | - | |
- | – | orizaventures.com | - | |
Early-stage tech investments are targeted in US, China, and Europe. | – | aminocapital.com | Palo Alto, United States | |
Seed and early-stage investments are made in US companies. | – | csc-upshot.vc | Palo Alto, United States | |
Convenience retail network with digital apps and meal delivery services in Poland. | 2021 | zabkagroup.com | Poznan, Poland |
Investor details for AiFi
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of AiFi
54 people are tracked at AiFi (17 in leadership, 37 in team).
| Name | Role | Group |
|---|---|---|
Steve Carlin | CEO | Leadership |
Kathryn Hawton | Director Of Client Operations | Global | Leadership |
Richard Wallace | Head Of Sales And Partnerships, Americas | Leadership |
Ben Dobbins | Global Head Of Planning And Installation (remote; Memphis-based) | Leadership |
Ben Smith | Senior Director Customer Support & Data Operations | Leadership |
Cheng Kian Khor | Director, Business Development, APAC | Leadership |
Bartek Małecki | Head Of Development | Leadership |
Claire Russell | Head of Deployment Operations | Leadership |
Will Hendry | Vp, Data And AI | Leadership |
Helena Marsikova | Head of Workforce Management | Leadership |
Áine Riordan | Global Head of Partnerships | Leadership |
Sean Reardon | Global Head of Operations | Leadership |
Marge Anderson | Global Head of People | Leadership |
Brian Bates | Director Of Engineering, US | Leadership |
Tomas Rivera | Director of Technical Operations | Leadership |
Joao Diogo Falcao | CTO | Leadership |
Sara Carvalho Lopes | Head of Legal Affairs EMEA | Leadership |
Nekruzjon Maxudov | Machine Learning Operations Engineer | Team |
Adam Cichy | Product Manager | Team |
Zhiar Karim | Retail Operation Manager | Team |
34 more people are available in the full profile.
Complete people profiles for AiFi
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of AiFi
3 dated milestones of AiFi across 8 years, from founding to its latest funding, stage changes and deals.
- Founded AiFi is founded.
- Funding First funding round of $4.0M.
- Funding Latest funding round, Series B, of $6.7M.
Competitors of AiFi
AiFi has 6 listed competitors in our database, 5 of them funded. They include Presto, Mashgin, Focal systems, ITAB and Accel Robotics, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| presto.com | 2008 | San Carlos, United States | $82.62M | 137 | Drive-through automation solutions for restaurants are provided using AI. | |
| mashgin.com | 2013 | Palo Alto, United States | $75M | 80 | Computer-vision self-checkout solutions are provided for offline retailers. | |
| focal.systems | 2015 | Menlo Park, United States | $25.92M | – | AI-based suite solution for offline businesses | |
| itab.com | 1978 | Jonkoping, Sweden | – | 6 | Self-checkout solutions are provided for retail businesses worldwide. | |
| accelrobotics.com | 2015 | San Diego, United States | $34.97M | 2 | AI-based automated checkout solutions are developed for offline retailers. | |
| malongtech.com | 2014 | Seattle, United States | $44.11M | – | AI-based body temperature detection systems for retail are provided. |
Detailed competitors of AiFi
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of AiFi
The website of AiFi (aifi.com) receives about 27.2K visits a month.
- Monthly visits27.2K
▲ 70.8% vs previous month
Top companies in Autonomous & In-Store Retail Tech
10 companies that operate in the same segment as AiFi (Autonomous & In-Store Retail Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | 4,683 | |
Point-of-sale financing is facilitated via an online platform for retailers. | 2016 | Los Angeles, California, United States | USD 158.63 M | – | 576 | |
App-based bookkeeping solutions are offered for small business management. | 2018 | Bengaluru, Karnataka, India | USD 186.62 M | USD 165.88 K | – | |
POS solutions are provided for retail businesses. | 2009 | San Francisco, California, United States | USD 519.75 M | USD 24.19 B | 6,214 | |
Provider of cloud-based POS software solutions for businesses and service providers | 1999 | San Francisco, California, United States | USD 923 M | – | 2,684 | |
Retail intelligence platform is developed for brands and B2B retailers. | 2008 | Bengaluru, Karnataka, India | USD 21.11 M | USD 7.69 M | 345 | |
Point-of-sale financing is enabled for installment purchases at partnered retailers. | 2016 | Minneapolis, Minnesota, United States | USD 17.51 M | USD 450.28 M | 408 | |
Loyalty management solutions are provided for offline retail stores. | 2012 | San Francisco, California, United States | USD 23.1 M | – | 23 | |
Mobile apps enable real-time retail data collection by field teams. | 2011 | Denver, Colorado, United States | USD 71 M | – | – | |
Unified platform for retail and supply chain planning is offered. | 2005 | Helsinki, Uusimaa, Finland | USD 816.41 M | USD 247.75 M | 2,302 |
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Related news about Aifi
Complete news archive for AiFi
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Frequently Asked Questions about AiFi
AiFi was founded in 2016 and raised its 1st funding round 2 years after it was founded.
AiFi is headquartered in Santa Clara, United States. It is registered at Santa Clara, California, United States.
Steve Carlin is the current CEO of AiFi.
AiFi is a funded company, having raised a total of $90.7M across 4 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Feb 2018.
AiFi was founded in 2016 in Santa Clara, United States, within the retail technology sector. Autonomous checkout-free shopping experiences are enabled for businesses through AI-driven platforms. Sensor fusion technology, combined with camera and sensor networks, is utilized for real-time tracking of people and product recognition. Retail stores are supported with inventory management data alongside insights into consumer shopping behaviors and product preferences.
AiFi's top competitors include Presto, Mashgin and Focal systems.
AiFi offers AiFi Refresh, AiFi Build, and AiFi To-Go.
AiFi has 15 investors. Key investors include Verizon, REWE, Plug and Play Tech Center, Plum Alley Investments, and Qualcomm Ventures.
AiFi operates through Aifi Inc..