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Trigo (company)

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This is an old revision of this page, as edited by Killarnee (talk | contribs) at 18:05, 17 February 2023 (copyedit). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

  • Comment: Sources are mostly primary. Others lack independence of the subject. IE Forbes and other perennial sources appear to be mostly comprised of press releases and direct readers to the PR team of the company. Does not satisfy the high standard of NCORP to have in-depth coverage. MaxnaCarta (talk) 11:34, 1 September 2022 (UTC)


Trigo Vision Ltd.
IndustryAutomated retail, retail technology, computer vision
Founded2018
FounderMichael Gabay, Daniel Gabay
HeadquartersTel Aviv, Israel
Key people
Michael Gabay - CEO
Websitehttps://www.trigoretail.com/

Trigo is a computer vision technology company founded by Michael and Daniel Gabay in 2018. Trigo provides a cashierless shopping solution for grocery retailers to implement partially or fully automated stores,[1] similar to Amazon Go, which also uses computer vision, deep learning algorithms, and sensor fusion to track items shoppers pick up and put back, as well as their general movement throughout the store.[2]

History

Trigo was founded in 2018 by Michael and Daniel Gabay.[3] The first pilot began in 2019 with UK grocery retailer Tesco to trial Trigo's cashierless checkout technology[4][5] at the Tesco employee headquarters in Welwyn Garden, UK, which remains open with Trigo’s technology, as of August 2022.[6][7][8]

On October 19, 2021, Trigo launched its second store with Tesco, on High Holborn Street in London,[9] who named the checkout-free store 'GetGo.'[10] In 2021, Trigo also opened stores with retailers REWE in Cologne, Germany on October 26, 2021,[11] and Netto Marken-Discount in Munich, Germany on December 16, 2021.[12]

In late 2021, Trigo announced a partnership with Aldi Nord and opened its first store in Utrecht, the Netherlands in July, 2022.[13][14]

In January 2022, Trigo announced its partnership with Wakefern Food Corp. with whom it will open its first store in the US.[15]

On June 23, 2022, REWE announced another store with Trigo in Berlin in beta testing, to be open by summer 2022.[16]

On July 27, 2022, Tesco announced it would open an additional 'GetGo' Tesco Express, equipped with Trigo’s technology, to be opened on Chiswell Street, London, but didn't report the date.[17]

Funding

Trigo raised $7M in seed funding in 2018, led by Hetz and Vertex Ventures[18], a $22M series A in 2019, led by Red Dot Ventures,[19] and a $60M series B, led by 83North and included Tesco.[20] In June 2021, Trigo raised an additional $10M in capital from REWE and Viola Ventures.[21]. In October 2022 Trigo raised $100M,[22] bringing its total funding to $204M.

Products

Trigo’s ‘EasyOut’ product is a frictionless checkout product similar to Amazon Go, as users scan a QR code at an entry gate to enter the store and then scan the QR code at an exit gate to leave.[23] Shortly after, shoppers receive a receipt with all the items they took from the store.[24] Its retail clients use their own branded app for shoppers to use the technology and enter and/or exit the store.[25]

Beginning in 2022, Trigo announced it will begin to roll out additional products as part of its 'StoreOS' group of solutions, such as inventory management, planogram compliance, and event-driven marketing.[26]

On September 20, 2022, Trigo announced its newest product, an inventory management platform called 'EasyStock.'[27] The 'EasyStock' product includes features such as ‘real-time’ visibility of store inventory and out-of-stock alerts.[28]

Stores[29]

Location Retailer Store type Store size (sq. ft.) SKUs Live from
Welwyn Garden City, UK Tesco Hybrid 3,000 2,000 November 2020
High Holborn Street, London Tesco 100% autonomous 2,500 2,500 October 19, 2021
Cologne, Germany REWE Hybrid 2,000 2,000 October 26, 2021
Munich, Germany Netto Hybrid 2,600 3,500 December 16, 2021
Utrecht, Netherlands Aldi Nord 100% autonomous 4,090 1,400+ July 20, 2021
Tel-Aviv, Israel Shufersal Hybrid 1,080 1,500+ September 9, 2022
Chiswell, London, UK Tesco Hybrid 2,700 3,320 November 1, 2022
Berlin, Germany REWE Hybrid 4,300 10,000 November 9, 2022
Fullham, London, UK Tesco Hybrid 2,530 3,330 November 22, 2022
Munich, Germany REWE 100% autonomous 3,100 4,000 December 14, 2022

References

  1. ^ Lunden, Ingrid (2019-09-16). "Trigo raises $22M for an automated grocery check-out platform, similar to Amazon Go". TechCrunch. Retrieved 2022-09-28.
  2. ^ Solomon, Shoshanna. "Israel's Trigo to help global chains fend off threat from Amazon shop-and-go". www.timesofisrael.com. Retrieved 2023-01-09.
  3. ^ Power, Denise. "Israeli Computer Vision Startup Raises $60 Million To Expand 'Frictionless' Checkout". Forbes. Retrieved 2022-09-01.
  4. ^ "Israeli 'no checkout' technology helps Tesco, Rewe compete with Amazon". The Jerusalem Post | JPost.com. Retrieved 2023-01-09.
  5. ^ "Coming soon: Trigo's checkout free stores". Globes. 2020-01-27. Retrieved 2023-01-09.
  6. ^ שחף, טל (2020-11-19). "בלי לעבור בקופה: ביקרנו בסופרמרקט חכם". Ynet (in Hebrew). Retrieved 2023-01-09.
  7. ^ Walker2019-10-09T13:40:00+01:00, Gaelle. "Tesco to trial checkout-free shopping at HQ Express store". Convenience Store. Retrieved 2022-09-01.{{cite web}}: CS1 maint: numeric names: authors list (link)
  8. ^ "Tesco Welwyn Garden opening hours".
  9. ^ "Tesco takes on Amazon Fresh with launch of 'just walk out' store". the Guardian. 2021-10-19. Retrieved 2022-09-01.
  10. ^ Faithfull, Mark. "Tesco GetGo Learns From Amazon To Debut London Shop-And-Go Store". Forbes. Retrieved 2022-09-01.
  11. ^ "Trigo Powers Germany's First Frictionless Grocery Store for REWE". Bloomberg.com. 2021-10-26. Retrieved 2022-09-01.
  12. ^ "Netto too tests cashierless store". RetailDetail EU. 2021-12-16. Retrieved 2022-09-01.
  13. ^ Ben-David, Ricky. "Israel's Trigo pilots contactless, checkout-free shopping tech in Netherlands". www.timesofisrael.com. Retrieved 2023-01-09.
  14. ^ "Trigo, ALDI Nord Open Netherlands's First AI-Powered Frictionless Supermarket". www.businesswire.com. 2022-07-18. Retrieved 2022-09-01.
  15. ^ "Wakefern to pilot autonomous store technology". Supermarket News. 2022-01-13. Retrieved 2022-09-01.
  16. ^ "REWE Pick&Go in der Hauptstadt". REWE Presse (in German). Retrieved 2022-09-01.
  17. ^ Nott, George. "Tesco to launch second 'checkout-free' GetGo store – this time with checkouts". The Grocer. Retrieved 2022-09-01.
  18. ^ Vision, Trigo. "Trigo Vision Unveils Advanced Retail Automation Platform; Announces $7 Million Seed Funding". www.prnewswire.com. Retrieved 2022-09-01.
  19. ^ "Israel's Trigo Raises $22 Million to Expand Cashierless Stores". Bloomberg.
  20. ^ "Trigo Raises $60M to Scale Its Frictionless Checkout Grocery Platform". www.businesswire.com. 2020-12-21. Retrieved 2022-09-01.
  21. ^ "Trigo bags $10M for computer-vision-based checkout tech to rival Amazon's 'Just Walk Out'". TechCrunch. Retrieved 2022-09-01.
  22. ^ Lunden, Ingrid (2022-10-26). "Trigo raises $100M to expand its Amazon-style cashier-free store technology". TechCrunch. Retrieved 2023-01-10.
  23. ^ Jan. 13, Jennifer Strailey on; 2022. "Amazon Just Walk Out Tech Rival Trigo Partners With Wakefern". Winsight Grocery Business. Retrieved 2022-09-01. {{cite web}}: |last2= has numeric name (help)CS1 maint: numeric names: authors list (link)
  24. ^ Olson, Parmy (2019-07-07). "Spurred by Amazon, Supermarkets Try Swapping Cashiers for Cameras". Wall Street Journal. ISSN 0099-9660. Retrieved 2022-09-01.
  25. ^ Inside Tesco's checkout-free GetGo store, retrieved 2022-09-01
  26. ^ CTech (2021-05-09). "Trigo partners with REWE Group to provide grab-and-go shopping experience". CTECH - www.calcalistech.com. Retrieved 2022-09-01.
  27. ^ Nott, George. "Tesco-backed checkout-free partner Trigo launches inventory management tech". The Grocer. Retrieved 2022-09-28.
  28. ^ Press, Gil. "Challenging Amazon In The Race To Transform The $11 Trillion Grocery Retail Market". Forbes. Retrieved 2022-09-28.
  29. ^ "Stories". Trigo. Retrieved 2023-01-10.
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