Groups Similar Look up By Text Browse About

Similar articles
Article Id Title Prob Score Similar Compare
116664 TECHCRUNCH 2019-1-10:
Meet Caper, the AI self-checkout shopping cart
1.000 Find similar Compare side-by-side
116766 ENGADGET 2019-1-11:
Caper's smart shopping cart uses AI to skip checkout lines
0.985 0.657 Find similar Compare side-by-side
115787 TECHCRUNCH 2019-1-7:
To automate bigger stores than Amazon, Standard Cognition buys
0.585 Find similar Compare side-by-side
116952 VENTUREBEAT 2019-1-13:
AiFi markets NanoStore, a tiny white-label cashierless store
0.568 Find similar Compare side-by-side
116597 THEVERGE 2019-1-10:
This smart shopping cart is a self-service checkout on wheels
0.991 0.554 Find similar Compare side-by-side
115825 VENTUREBEAT 2019-1-7:
Pandora Radio cofounder’s Grabango raises $12 million for cashierless store tech
0.549 Find similar Compare side-by-side
116906 VENTUREBEAT 2019-1-12:
How automated supermarkets are shaping up for 2019 and beyond
0.148 0.548 Find similar Compare side-by-side
116954 VENTUREBEAT 2019-1-13:
Pensa Systems uses autonomous drones to track store inventory
0.524 Find similar Compare side-by-side
115832 VENTUREBEAT 2019-1-7:
Microsoft and Kroger to create data-driven connected grocery stores
0.476 Find similar Compare side-by-side
115844 VENTUREBEAT 2019-1-7:
Cashierless checkout startup Standard Cognition acquires for in-store maps
0.449 Find similar Compare side-by-side
117053 VENTUREBEAT 2019-1-14:
Badger will deploy robots to nearly 500 Giant, Martin’s, and Stop and Shop stores in the U.S.
0.444 Find similar Compare side-by-side
115933 ENGADGET 2019-1-7:
Kroger and Microsoft are testing out two 'connected' grocery stores
0.430 Find similar Compare side-by-side
116009 ARSTECHNICA 2019-1-8:
Microsoft, Kroger team up to fight Amazon with high-tech grocery stores
0.412 Find similar Compare side-by-side
117062 TECHREPUBLIC 2019-1-14:
500 robots infiltrate US grocery stores to identify safety hazards
0.411 Find similar Compare side-by-side
116354 TECHCRUNCH 2019-1-9:
It’s the golden age of traditional retail, not its end days
0.395 Find similar Compare side-by-side
115955 CNBC 2019-1-7:
Microsoft and Kroger are taking on Amazon with a futuristic grocery store pilot
0.358 Find similar Compare side-by-side
117047 TECHCRUNCH 2019-1-14:
Computer vision startup AnyVision pulls in new funding from Lightspeed
0.351 Find similar Compare side-by-side
115725 TECHCRUNCH 2019-1-7:
Autonomous trucking startup TuSimple is taking 3 to 5 commercial trips a day
0.325 Find similar Compare side-by-side
115796 VENTUREBEAT 2019-1-7:
Simtoo’s SimCam is an AI security camera that doesn’t require a subscription
0.325 Find similar Compare side-by-side
116227 TECHCRUNCH 2019-1-8:
Bowery Valuation raises $12 million more to automate the real estate appraisal process
0.323 Find similar Compare side-by-side
115653 TECHREPUBLIC 2019-1-7:
CES 2019: China's e-commerce giant JD launches smart delivery stations for drones and robots
0.323 Find similar Compare side-by-side
116119 VENTUREBEAT 2019-1-8:
Udelv partners with Walmart for autonomous deliveries, reveals next-gen van design
0.320 Find similar Compare side-by-side
115790 ENGADGET 2019-1-7:
Gillette's new razor adds heating instead of more blades
0.315 Find similar Compare side-by-side
116575 VENTUREBEAT 2019-1-10:
ThreeKit raises $10 million to turn static images into ‘3D experiences’
0.314 Find similar Compare side-by-side
116046 TECHCRUNCH 2019-1-8:
Report: Self-driving car startup Aurora is raising capital at a $2B valuation
0.314 Find similar Compare side-by-side


ID: 116664


Date: 2019-01-10

Meet Caper, the AI self-checkout shopping cart

The Amazon boogie-man has every retailer scrambling for ways to fight back. But the cost and effort to install cameras all over the ceiling or into every shelf could block stores from entering the autonomous shopping era. Caper wants to make eliminating checkout lines as easy as replacing their shopping carts while offering a more familiar experience for customers. The startup makes a shopping cart with a built-in barcode scanner and credit card swiper, but its finalizing the technology to automatically scan items you drop in thanks to three image recognition cameras and a weight sensor. The company claims people already buy 18 percent more per visit after stores are equipped with its carts. Capers cartToday, Caper is revealing that its raised a total of $3 million, including a $2.15 million seed round led by prestigious First Round Capital and joined by food-focused angels like Instacart co-founder Max Mullen, Plated co-founder Nick Taranto, Jets Jetblack shopping concierge co-founder Jenny Fleiss and Y Combinator.  Hardware Club, FundersClub, Sidekick Ventures, Precursor Ventures, Cogito Ventures,  and Redo Ventures also invested. Caper is now in two retailers in the NYC area, though it plans to use the cash to expand to more and develop a smart shopping basket for smaller stores. If you walked into a grocery store 100 years ago versus today, nothing has really changed, says Caper co-founder and CEO Lindon Gao. It doesnt make sense that you can order a cab with your phone or go book a hotel with your phone, but you cant use your phone to make a payment and leave the store. You still have to stand in line. Autonomous retail is going to be a race; $50 million-funded Standard Cognition, ex-Pandora CTO Will Glasers Grabango and scrappier startups like Zippin and Inokyo are all building ceiling and shelf-based camera systems to help merchants keep up with Amazon Gos expanding empire of cashierless stores. But Capers plug-and-play cart-based system might be able to leapfrog its competitors if its easier for shops to set up. Caper combines image recognition and a weight sensor to identify items without a barcode scanI dont have an altruistic reason, but I really want to put a dent in the universe and I think retail is severely under-innovated, Gao candidly remarked. Most founders try to spin a superhero origin story about why theyre the right person for the job. For Gao, chasing autonomous retail is just good business.  He built his first startup in gaming commerce at age 14. The jewelry company he launched at 19 still operates. He went on to become an investment banker at Goldman Sachs and JP Morgan but I always felt like I was more of a startup guy. Caper was actually a pivot from his previous entry into the space called QueueHop that made cashierless apparel security tags that unlocked when you paid. But during Y Combinator, he discovered how tough itd be to scale a product that requires a complete rethinking of a merchants operations flow. So Gao hoofed it around NYC to talk to 150 merchants and discover what they really wanted. The cart was the answer. Caper co-founder and CEO Lindon GaoV1 of Capers cart lets people scan their items barcodes and pay on the cart with a credit card swipe or Apple/Android Pay tap and their receipt is emailed to them. But each time they scan, the cart is actually taking 120 photos and precisely weighing the items to train Capers machine vision algorithms in what Gao likens to how Tesla is inching toward self-driving. Soon, Caper wants to go entirely scanless, and sections of its two pilot stores already use the technology. The cameras on the cart employ image recognition matched with a weight sensor to identify what you toss in your cart. You shop just like normal but then pay and leave with no line. Caper pulls in a stores existing security feed to help detect shoplifting, which could be a bigger risk than with ceiling and shelf camera systems, but Gao says it hasnt been a problem yet. He wouldnt reveal the price of the carts, but said theyre not that much more expensive than a standard shopping cart.  To outfit a store it should be comparable to the price of implementing traditional self-checkout. Shops buy the carts outright and pay a technology subscription but get free hardware upgrades. Theyll have to hope Caper stays alive. Caper hopes to deliver three big benefits to merchants. First, theyll be able to repurpose cashier labor to assist customers so they buy more and to keep shelves stocked, though eventually this technology is likely to eliminate a lot of jobs. Second, the ease and affordable cost of transitioning means businesses will be able to recoup their investment and grow revenues as shoppers buy more. And third, Caper wants to share data that its carts collect (on routes through the store, shelves customers hover in front of and more) with its retail partners so they can optimize their layouts. Capers screen tracks items you add to the cart and can surface discounts and recommendationsOne big advantage over its ceiling and shelf camera competitors is that Capers cart can promote deals on nearby or related items. In the future, it plans to add recommendations based on whats in your cart to help you fill out recipes. Threw some chips in the cart? Heres where to find the guacamole thats on sale. A smaller hand-held smart basket could broaden Capers appeal beyond grocers (think smaller shops), though making it light enough to carry will be a challenge. Gao says that with merchants already seeing sales growth from the carts, what keeps him up at night is handling Capers supply chain, as the product requires a ton of different component manufacturers. The startup has to move fast if it wants to be what introduces Main Street to autonomous retail. But no matter what gadgets it builds in, Caper must keep sight of the real-world stress their tech will undergo. Gao concludes, Were basically building a robot here. The carts need to be durable. They need to resist heat, vibration, rain, people slamming them around. Were building our shopping cart like a tank.