2. You spelled grab-and-go wrong
Berkeley, Calif.-based Grabango (pronounced like grab-and-go), recently secured $12 million in financing. Similar to other frictionless checkout concepts, Grabango uses sensors and computer algorithms to locate every item in-store. But unlike most frictionless checkout companies, Grabango’s solution is optimized for stores with more than 100,000 square feet, according to an article from Venture Beat.
It also doesn’t require a smartphone. The computer vision and machine learning systems maintain a virtual shopping basket for each person’s store visit, the company said.
If Will Glaser, Grabango CEO and co-founder, is to be believed, the system will allow shoppers to enter or exit the store from anywhere and pay in any format. He also claims the system can recognize objects with 99.9% accuracy, track hundreds of shoppers at once and monitor hundreds of thousands of SKUs. Glaser is also reportedly trying to bring the technology America’s top 30 grocers and top 10 convenience-store chains; however, there does not appear to be a working demonstration of the tech available to the public at this time.