Sensei is the rising star that plans to offer the same autonomous store technology to other retailers. The company which is based in Lisbon has secured a seed round of $6.5 million. Seaya Ventures, Iberis Capital and 200M Fund took participation in funding.
The startup plans to set up more stores and invest in their R&D. Its platform uses a mix of cameras, sensors, and Computer Vision ML to automate stores, both new and existing. The platform is aimed at retailers can manage inventory in real-time and also collect data about how the stores are used by customers.
Sensei’s CEO, Vasco Portugal, stated: “Sensei’s 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.”
The rasing of such startups became even sharper since the pandemic, as the advantages of such stores became even more clear. Given the fact, that Amazon has already been selling its facilities to other retailers, we can now observe the formation of the new market.