11.20.19
Focal Systems, Inc., a leader in retail automation solutions, announced that it has received a strategic investment from Zebra Ventures, the investment arm of Zebra Technologies, to scale the business of AI-powered retail technology products. Focal Systems works with leading retailers on four continents to provide AI-powered cameras and an advanced analytics stack that functions as a retail store operating system.
"We know that some retailers and consumer packaged goods companies would like to receive shelf inventory data multiple times per day, and our shelf edge cameras enable this," said Francois Chaubard, CEO, Focal Systems. “As experts in deep learning computer vision, we’ve proven with our retailers that fixed shelf cameras are the right answer to the out-of-stock problem and beyond, unlocking unparalleled possibilities in how retailers and brands can implement actionable intelligence that drive huge efficiencies and lift.”
Focal uses shelf cameras to monitor shelves to increase on-shelf availability. It also leverages the same algorithms to eliminate friction at the checkout. These solutions feed into Focal’s AI engine to automate decision making in order to optimize planograms, labor schedules, on-shelf availability and associate productivity.
“Zebra is investing in companies that accelerate our Enterprise Asset Intelligence vision to deliver exceptional value to our customers,” said Tony Palcheck, managing director of Zebra Ventures, Zebra Technologies. “As a technology solutions provider to many of the world’s leading retailers, we have heard our customers tout the benefits of Focal as an effective solution for solving out-of-stocks.”
"We know that some retailers and consumer packaged goods companies would like to receive shelf inventory data multiple times per day, and our shelf edge cameras enable this," said Francois Chaubard, CEO, Focal Systems. “As experts in deep learning computer vision, we’ve proven with our retailers that fixed shelf cameras are the right answer to the out-of-stock problem and beyond, unlocking unparalleled possibilities in how retailers and brands can implement actionable intelligence that drive huge efficiencies and lift.”
Focal uses shelf cameras to monitor shelves to increase on-shelf availability. It also leverages the same algorithms to eliminate friction at the checkout. These solutions feed into Focal’s AI engine to automate decision making in order to optimize planograms, labor schedules, on-shelf availability and associate productivity.
“Zebra is investing in companies that accelerate our Enterprise Asset Intelligence vision to deliver exceptional value to our customers,” said Tony Palcheck, managing director of Zebra Ventures, Zebra Technologies. “As a technology solutions provider to many of the world’s leading retailers, we have heard our customers tout the benefits of Focal as an effective solution for solving out-of-stocks.”