Focal Systems is a disruptive startup in the Retail and Computer Vision industries, founded in 2015 and headquartered in the United States. The company's platform, described as "The Operating System of Retail," employs low-cost, discrete shelf cameras and a sophisticated computer vision model to automate shelf scans, effectively reducing scanning costs by up to 50%. This automation allows store personnel to focus on enhancing customer experience and other high-value tasks, ultimately improving in-store product availability and boosting sales by 3-5%. The recent $25.88M Series B investment from Point 72 Ventures in November 2021 underscores the confidence and interest in Focal Systems' disruptive technology and its potential for scalability and impactful results. The deployment of Focal Systems' shelf cameras at major global retailers and their daily processing of over 10M shelf scan images demonstrate a proven track record and the potential for substantial market penetration. By integrating with existing retail systems and applications, Focal Systems' platform offers additional cost savings and real-time insights, making it a compelling proposition for retailers seeking to optimize operations and enhance the customer experience.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series B | $25.88M | 1 | Point72 Ventures | 01 Nov 2021 |
Corporate Round | $4.80M | - | 01 Dec 2019 | |
Series A | $8.50M | 2 | 01 Oct 2017 | |
Seed Round | $2.50M | 3 | 01 May 2016 | |
Pre Seed Round | $120.00K | 1 | 22 Mar 2016 |
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