About AiFi
AiFi is a company based in Santa Clara (United States) founded in 2016.. AiFi has raised $90.7 million across 4 funding rounds from investors including Verizon, REWE and Plug and Play Tech Center. AiFi offers products and services including AiFi Refresh, AiFi Build, and AiFi To-Go. AiFi operates in a competitive market with competitors including Presto, Mashgin, Focal systems, ITAB and Accel Robotics, among others.
- Headquarter Santa Clara, United States
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Sectors
RetailTechnology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Aifi Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$90.7 M (USD)
in 4 rounds
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Latest Funding Round
$6.7 M (USD), Series B
Jul 26, 2024
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Investors
Verizon
& 14 more
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Employee Count
Employee Count
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Products & Services of AiFi
AiFi offers a comprehensive portfolio of products and services, including AiFi Refresh, AiFi Build, and AiFi To-Go. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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 Total Funding
- Total Rounds 4
- Last Round Series B — $6.7M
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First Round
First Round
(27 Feb 2018)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series B - AiFi | Valuation |
investors |
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| Mar, 2022 | Amount | Series B - AiFi | Valuation | Verizon , REWE | |
| Oct, 2020 | Amount | Series B - AiFi | Valuation | Qualcomm Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investing in technology sectors such as AI and automotive.
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Founded Year | Domain | Location | |
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US & Asia focused seed, early & expansion stage VC firm
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Founded Year | Domain | Location | |
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Business consulting services are provided by Cervin to various clients.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AiFi
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - AiFi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Aifi Comparisons
Competitors of AiFi
AiFi operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Presto, Mashgin, Focal systems, ITAB and Accel Robotics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Drive-through automation solutions for restaurants are provided using AI.
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| domain | founded_year | HQ Location |
Computer-vision self-checkout solutions are provided for offline retailers.
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| domain | founded_year | HQ Location |
AI-based suite solution for offline businesses
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| domain | founded_year | HQ Location |
Self-checkout solutions are provided for retail businesses worldwide.
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| domain | founded_year | HQ Location |
AI-based automated checkout solutions are developed for offline retailers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Aifi
Frequently Asked Questions about AiFi
When was AiFi founded?
AiFi was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is AiFi located?
AiFi is headquartered in Santa Clara, United States. It is registered at Santa Clara, California, United States.
Who is the current CEO of AiFi?
Steve Carlin is the current CEO of AiFi.
Is AiFi a funded company?
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 Series B of $15M, raised on Feb 27, 2018.
What does AiFi do?
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.
Who are the top competitors of AiFi?
AiFi's top competitors include Presto, Mashgin and Focal systems.
What products or services does AiFi offer?
AiFi offers AiFi Refresh, AiFi Build, and AiFi To-Go.
Who are AiFi's investors?
AiFi has 15 investors. Key investors include Verizon, REWE, Plug and Play Tech Center, Plum Alley Investments, and Qualcomm Ventures.
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