ScanWatch

General Information

Company Name

ScanWatch

Founded Year

2021

Location (Offices)

Lithuania +1

Founders / Decision Makers

Number of Employees

Industries

Big Data, Computer Vision, Privacy and Security +1

Funding Stage

Seed

Social Media

ScanWatch - Company Profile

ScanWatch is a retail software suite aiming to "Reduce Checkout Losses, Improve Customer Experience." Founded in 2021 and headquartered in Lithuania, the company received a significant €500.00K Seed Round investment on 26 September 2021 with backing from NETO BALTIC and Agmis.

ScanWatch integrates seamlessly with any checkout hardware, utilizing inbuilt checkout register cameras to expedite the recognition of scanned items. This integration effectively mitigates item mislabeling and checkout fraud while automating the selection of scanned products, ultimately enhancing the overall shopper experience.

Within the Computer Vision and Retail industries, ScanWatch's innovative approach presents an attractive investment opportunity, providing solutions for a tangible and pressing need within the retail sector.

Taxonomy: Retail software, Loss prevention, Customer experience, Checkout efficiency, Scan technology, Integrated hardware, Automated recognition, Fraud prevention