Did you know that the average American spends over 100 hours a year standing in line? Our time is valuable. We are all tired of waiting in line. With the convenience of online shopping and delivery services for every type of business everywhere, shoppers are demanding the same frictionless experience when it comes to shopping in a store. There has never been a more exciting time in retail for Zippin to deliver a cutting-edge shopping experience that will provide the highest level of service and anticipate the needs of shoppers.
The Zippin platform-as-a-service provides a checkout-free solution for all kinds of stores, transportation hubs, sports arenas, business and university dining locations, and any other physical retail space. Shoppers are able to walk in the store, pick up what they want, and then leave. We use machine learning, computer vision, and sensor fusion to automatically charge shoppers when they walk out—a paradigm shift in the shopper experience, with no lines.
In August of 2021, we closed a $30 million Series B funding round with participation from new and existing investors including OurCrowd, Maven Ventures, Evolv Ventures and SAP. This new round brings Zippin’s total funding to more than $45 million. This round comes on the heels of significant progress we’ve made in recent months, including signing numerous new accounts, launching multiple new public checkout-free stores, and further solidifying their leading technology within the future of retail.