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Kindred Sort has launched with major retailers like Gap.
For teaBOT there’s no better home base than Toronto. But that hasn’t kept the startup from expanding to cities like Palo Alto and Chicago.
Retailers are unleashing tools that use artificial intelligence to replicate the help a salesperson at a store might offer, calculate a shopper’s most likely body shape, or use 3D models for a virtual fitting room try-on.
The round was led by AirTree Ventures, with participation from Bailador Technology Investments and BMY Group.
“We are really in a moment of thinking about 20, 50 years, different social aspects, energy, communication, all these things are going to impact all business, not just retail. We have to build the company for that time frame.”
The move is a direct challenge to office supply stores, like Staples and Office Depot, as well as other big box retailers like Walmart, and warehouse deals stores like Costco.
Holli Rogers’s two-storey boutique, Browns, is already in its first phase of augmented retail.
Meituan-Dianping, a service-focused ecommerce platform, raised the funds from Tencent.
Reflektion, which uses predictive analytics to increase conversion rates on e-commerce sites, raised the funds from Hasso Plattner, with participation from Battery Ventures and Clear Ventures.
Fingerlix, an on-demand ready-to-cook fresh food delivery brand in India, raised the Series B round of funding from Accel Partners.
“We believe it’s a perfect fit,” said Postmedia CEO Andrew MacLeod.
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