RadiusAI provides a VideoAI platform that transforms retail store cameras into real-time intelligent sensors for enhanced inventory management and loss prevention. Their ShopAssist solution eliminates manual barcode scanning, reducing checkout times and improving employee productivity by allowing staff to focus on other business areas.
Funding
$8.1M 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
Retailers face challenges in optimizing checkout processes, managing inventory effectively, preventing losses due to theft or spoilage, and gaining actionable insights into customer behavior. Traditional methods often rely on manual processes, leading to inefficiencies, inaccuracies, and missed opportunities for improvement.
Solution
RadiusAI offers a VideoAI platform that transforms existing retail store cameras into intelligent sensors, providing real-time data and analytics to address key operational challenges. The platform includes ShopAssist, an AI checkout solution that eliminates manual barcode scanning, reduces checkout times, and improves employee productivity. Pulse leverages existing camera infrastructure to monitor inventory, track product freshness, analyze customer behavior, and prevent losses. By integrating these solutions, retailers can streamline operations, enhance customer experiences, and improve profitability.
Target Audience
RadiusAI targets enterprise-level retail chains, grocery stores, and convenience stores seeking to improve operational efficiency, reduce losses, and enhance customer experiences through AI-powered video analytics.
Features
- AI-powered checkout solution that automates product recognition and eliminates manual barcode scanning
- Real-time inventory management to monitor stock levels, track product freshness, and minimize food waste
- Customer behavior analytics to identify shopping patterns, optimize store layouts, and improve product placements
- Loss prevention tools to detect and prevent theft, reduce shrinkage, and enhance store security
- Operational alerts to notify staff of critical events, such as low stock levels or long checkout lines
- Cloud connectivity for remote device management, data analytics, and reporting
- Seamless integration with existing POS and back-office systems
- Flexible deployment options, including in-counter and store-wide camera integration