Here at 附近上门 News, we love covering companies that are poised to disrupt industries that are stuck with age-old inefficient processes.
So when I stumbled upon the news that an Austin startup with its eye on 鈥渆liminating鈥 for the retail industry had raised some money, I paid attention. Especially when said startup is doing it with the use of AI-powered autonomous drones.
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Specifically, raised a $5 million early-stage round just eight months after it raised $2.2 million in a . led the new round, which also included participation from new investor as well as existing investors , , , and others. As part of the financing, , partner at Signia Venture Partners, will join Pensa鈥檚 board of directors.
Pensa says that its system 鈥渁utomatically and systematically tracks in-store inventory using advanced computer vision, patent-pending artificial intelligence and autonomous drones to see and understand what is on store shelves.鈥 The goal behind it to help retailers and brands avoid having out-of-stock items unnecessarily and thus increase their revenue.
Pensa operates as a data subscription service. The company describes its drones as 鈥渟mall and safe,鈥 and designed to operate after hours or selectively during store hours 鈥渨hen areas are free.鈥 The drones, according to Pensa, are able to see and understand shelf conditions in real time, 鈥渁cting as remote eyes to a system in the cloud.鈥 Then, the company鈥檚 AI analyzes that data over time so that it can predict low stock before the items actually are gone from the shelves.
In a , the company said the funding would go toward getting more store trials with large retailers and CPG (Consumer Packaged Goods) brands globally. It鈥檚 already completed 鈥渕ultiple successful live trials鈥 with some major consumer brands and retailers, including Anheuser-Busch InBev (AB InBev), which actually also became a strategic investor through its ZX Ventures growth and innovation unit.
鈥淧ensa is doing breakthrough work with AI and drones, bringing data to bear on a significant and costly problem for retail鈥攖he lack of consistent on-shelf inventory visibility,鈥 said Cluss, in a prepared statement. 鈥淒ata and technology are critical to retail鈥檚 future, and we are excited to help Pensa bring their vision to reality.鈥
, a vice president at ZX Ventures, said his firm explored a variety of solutions to the problem of out-of-stock products and found Pensa鈥檚 approach to be 鈥渢ruly novel.鈥
Photo courtesy of Pensa Systems
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