User:Ovensmugs/sandbox
| Company type | Privately held company |
|---|---|
| Industry | Retail software, AI technologies in retail |
| Founded | 2016 |
| Headquarters | New York, USA |
Area served | USA and Canada[1] |
Key people | Lindon Gao (CEO), York Yang, Yilin Huang, Ahmed Beshry[1][2][3] |
| Services | Autonomous checkout software |
| Website | www |
Caper AI (alternatively known as Caper) is a software technology company that develops and deploys AI-powered automated checkout devices[4] as well as AI-based software applications[5][6] for retailers, grocers, convenience stores and other general merchandising store formats.[1][7][8] Caper AI was established in 2016 by Lindon Gao, York Yang, Yilin Huang and Ahmed Beshry. It is headquartered in Manhattan, NY.[9]
History
[edit]The company was founded in 2016 by Lindon Gao, York Yang, Yilin Huang and Ahmed Beshry[2] with its main office based out of New York.[10] Since its inception, the company focused on the development of automated checkout software to grocery retailers. Caper AI closed its series A round of funding for US$10 million in 2019.[10][11] In 2019, Sobeys, one of the largest food retailer in Canada, publicly announced about commercial deployment of the Caper's Smart Cart technology with its first location being at Glen Abbey Sobeys supermarket in Oakville, Ontario and subsequent stores readying for rollout.[8][12] As Grocery Dive notes, "The novel coronavirus pandemic has accelerated the deployment of programs that help shoppers get in and get out from stores as quickly as possible".[9][13] According to Wall Street Journal and Washington Post, Caper's technology started to roll out in the US and Canada grocery stores in 2019.[1][9][12][8] In autumn 2020, the company introduced Caper Counter, a cashierless countertop for smaller format stores under 10 000 sq feet and fewer than 10K SKUs with a software applying machine learning algorithms, computer vision and sensor fusion technology.[14][15][16][17]
In 2020, American chain grocer Kroger launched "KroGo" AI-powered shopping carts, developed by Caper AI. KroGo was introduced at one of its stores in Cincinnati, Ohio.[4][18][19][20]
Technology
[edit]Caper AI uses several technologies to automate the retail checkout process, including computer vision, machine learning and sensor fusion. Caper’s technology has multiple cameras and lights to capture images. AI and deep learning are used to pre-train the system to recognize products within the stores [7][10][21] The technology can recognize products that are similar or identical by differentiating between them based on textual information and size. [7][8]
See also
[edit]References
[edit]- ^ a b c d "How A.I. Is Making Supermarkets Less Exhausting". The Wall Street Journal.
- ^ a b "These smart shopping carts will let you skip the grocery store line". CNN.
- ^ "Caper Cofounders". Forbes.
- ^ a b "Kroger Is Testing A New Smart Cart That Lets Shoppers Skip The Checkout Line". Forbes.
- ^ "This shopping cart knows what you're buying". CNN Business.
- ^ "Caper CEO Looks to Cut the Checkout Line with 'Smart Shopping Cart'". Cheddar.
{{cite web}}: line feed character in|title=at position 62 (help) - ^ a b c "To Beat Amazon At Its Own Game, Retailers Are Turning To Caper, The AmazonGo Experience In A Cart". Forbes.
- ^ a b c d "Sobeys tests smart shopping cart that scans and checks out".
- ^ a b c "Tired of long lines? A Canadian grocery chain debuts Smart Carts with self-checkout". The Washington Post.
- ^ a b c "Meet Caper, the AI self-checkout shopping cart". TechCrunch.
- ^ "Smart cart company Caper raises $10M in Series A funding". RetailDive.
- ^ a b "The Smart Shopping Cart is here thanks to AI". Abasto.
- ^ "Smart carts get a charge from Amazon and COVID-19". GroceryDive.
- ^ "Caper debuts AI-driven self-checkout solution". Business Insider.
- ^ "Contactless checkout: Why it's coming to the bodega before the chain store". ZDNet.
- ^ {{cite web|url=https://www.cspdailynews.com/technologyservices/caper-launches-frictionless-checkout-counter-c-stores%7Ctitle=Caper Launches Frictionless Checkout Counter for C-Stores|publisher=CSP Daily News}}
- ^ "Caper's New Counter Device Gives Cashierless Checkout to Convenience Stores". The Spoon.
- ^ "Kroger tests 'smart' shopping cart from Caper". Supermarket News.
- ^ "Kroger Using Smart Shopping Carts Powered by Caper". The Spoon.
- ^ "Kroger launches smart shopping cart pilot with Caper to expand in-store digital solutions". Business Insider.
- ^ "Are Smart Shopping Carts the Future of Food Shopping?". Cheddar.
Category:Technology companies of the United States
Category:Technology companies based in New York (state)
Category:Retail processes and techniques