Edgify
About Edgify
Edgify provides a framework for training deep learning models directly on edge devices, enabling real-time AI capabilities without the need to transfer data to a central server. This technology addresses retail shrinkage by enhancing product recognition and checkout accuracy, ultimately improving operational efficiency and customer experience.
```xml <problem> Retailers face significant losses due to shrinkage, including scan avoidance, misidentification of products at self-checkout kiosks, and inaccurate waste tracking. Existing loss-prevention systems often require extensive IT management and may not integrate seamlessly with current hardware and software. </problem> <solution> Edgify offers an AI-powered retail solution that integrates with existing hardware and software to minimize shrinkage and improve operational efficiency. The system uses barcodeless item recognition to streamline self-checkout processes and reduce false positives. It also detects and intervenes in cases of scan avoidance, ensuring accuracy at the checkout. Furthermore, Edgify's technology identifies and records discarded items in back-of-house operations for accurate waste tracking and inventory management. </solution> <features> - Barcodeless item recognition for faster and more accurate self-checkout - Scan avoidance detection to prevent loss at the checkout - Waste management capabilities for tracking discarded items and improving inventory accuracy - Seamless integration with existing retail hardware and software - Continuous learning AI that adapts to changing retail environments </features> <target_audience> Edgify primarily targets retailers looking to reduce shrinkage, improve checkout accuracy, and streamline waste management processes. </target_audience> ```
What does Edgify do?
Edgify provides a framework for training deep learning models directly on edge devices, enabling real-time AI capabilities without the need to transfer data to a central server. This technology addresses retail shrinkage by enhancing product recognition and checkout accuracy, ultimately improving operational efficiency and customer experience.
Where is Edgify located?
Edgify is based in United Kingdom.
When was Edgify founded?
Edgify was founded in 2015.
How much funding has Edgify raised?
Edgify has raised $6.5M.
- Location
- United Kingdom
- Founded
- 2015
- Funding
- $6.5M
- Employees
- 42 employees
- Investors
- Octopus VenturesMangroveMouro Capital