Intelligence Retail

Since 2016 resident of the Innovation Center Skolkovo. Intelligence Retail provides the automated service for recognition of goods on the shelf and complex analytics from points of sale online. The Intelligence Retail service allows to measure in real time indicators of a status of the calculation of goods in points of sale, a shelf share, existence of products of competitors, compliance to standards of the calculation.

Intelligence Retail is the recognition application of goods used for the purpose of control of existence and correctness of the calculation of goods in shops. The solution Intelligence Retail is based on technology of computer vision Image Recognition. A system allows the field employee of the company to take the picture of the shelf and within 10 seconds to obtain necessary information on the range and the calculation, existence of goods and its share on the shelf, and the online-analytics guarantees reliability and efficiency of data processing, excepting collection of information manually.

History

2020: Attraction of $1.5 million investments

At the end of February, 2020 Intelligence Retail announced attraction of $1.5 million investments from Finsight Ventures and ExpoCapital venture funds. The startup calls itself the first Russian developer of artificial intelligence technologies for image understanding who closed a round of financing of Series A and entered international market.

The Russian service for the analysis of the range and the prices on shelves attracted investments

The received means service for the analysis of the range and the prices on shelves  intends to spend for improvement products, a personnel increase (by the end of February, 2020 the state makes about 40 people) and mastering of the foreign arena. How many each of investors and when Intelligence Retail was estimated enclosed, it is not reported. It is known only that Finsight Ventures acted as the main investor in this transaction.

As of February 26, 2020 Intelligence Retail has about 20 clients (12 of them implemented the solution, and 8 — test service in the pilot mode), among whom — Danone, Heineken, Perfetti Van Melle and Action Group. Service works in Russia, the CIS, Europe, at the Middle East and in Latin America. 

By 2021 Intelligence Retail is going to earn up to 50% of revenue from foreign transactions. Shortly before the investment attraction the company signed the large contract with the largest participants of the pharmaceutical market who will use service in 12 countries of Latin America.^[1]

Recognition on the basis of computer vision  — the next stage in the course of work robotization. It is followed by increase in efficiency and cost reduction. We consider it necessary to participate in this trend and we hope that Intelligence Retail will be able to apply the competences of different areas with a low share of digitalization, for example, a logistic fulfillment and production — the general partner of Finsight Ventures Alexey Garyunov said.

2018: The investment attraction from ExpoCapita

The Intelligence Retail company attracted investments from ExpoCapital fund. The Skolkovo-venture Investments company acted as the consultant for support of the transaction.

Exact parameters of the transaction and the size of shares - ExpoCapital and the company do not open. Intelligence Retail is going to direct the received investments to product development, expansion of presence in the market of the Russian Federation and also entry into the new markets of Europe.

2017: Cooperation with Open Group

In the summer of 2017 the Intelligence Retail company and Open Group Group signed the agreement on cooperation. The agreement became one of results of joint work of Open Group and Skolkovo Foundation which organized a series of workshops on which representatives of group of companies got acquainted with the technologies for retail developed by residents Skolkovo.

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