Zippin provides a checkout-free platform that utilizes AI, machine learning, and sensor fusion technology to enable retailers to eliminate traditional checkout lines. This solution significantly reduces transaction times from 20 minutes to 20 seconds, enhancing customer experience while increasing store revenues by up to 80% and decreasing labor costs by 25%.
Funding
$30M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional retail checkout processes lead to long lines and wait times, resulting in customer frustration and lost revenue opportunities for retailers. These conventional systems also require significant labor costs and can be inefficient in managing store throughput, especially during peak hours.
Solution
Zippin offers a checkout-free platform that leverages AI, machine learning, and sensor fusion to automate the retail purchasing process. The platform allows customers to enter a store, select their items, and exit without needing to stop at a traditional checkout counter. Zippin's technology tracks shoppers and products in real-time, automatically registering purchases and processing payments through a linked account. This system reduces transaction times, enhances the customer experience, and increases store efficiency by optimizing throughput and reducing labor requirements. The platform is adaptable to various retail environments, including stadiums, airports, and convenience stores.
Target Audience
Zippin's primary customers are retailers in various sectors, including sports and entertainment venues, airports, hospitals, college campuses, and convenience stores, seeking to improve customer experience and operational efficiency.
Features
- Overhead sensors and computer vision algorithms track shoppers and products accurately within the store environment.
- AI-powered platform identifies products selected by customers, even with variations in packaging or placement.
- Automatic billing system integrates with customer accounts for seamless, cashless transactions.
- Real-time inventory management provides retailers with up-to-date stock levels and sales data.
- Modular design allows for flexible deployment in new or existing store layouts, including retrofits.
- Zippin Walk-Up enables checkout-free shopping at walk-up stands in stadiums and other venues.
- Zippin Outdoors extends checkout-free capabilities to outdoor events using temporary structures.
- Data analytics dashboard provides insights into customer behavior, popular products, and store performance.