Edgify
This company provides edge-based artificial intelligence solutions that enable real-time object recognition and automated checkout processes for the retail industry.
Overview
Edgify specializes in deep learning frameworks designed to run directly on edge devices, bypassing the need for cloud connectivity for high-speed processing. Their primary target market is the retail sector, where their technology is deployed to power automated checkout counters and shelf management systems that identify products in real time with high accuracy. The company distinguishes itself by enabling complex AI model training and inference locally on hardware, which significantly reduces latency and privacy concerns associated with cloud data transmission. Edgify recently secured $9 million in funding led by Rank Ventures and Mangrove Capital to scale its operations and further integrate its proprietary software into global supermarket infrastructures.
Funding History
Edgify raises $9M from Rank Ventures and Mangrove Capital to bring AI to supermarket shelves and checkouts
Frequently Asked Questions
- How much funding does AI Funding track for Edgify?
- AI Funding tracks $9M for Edgify across 1 funding round in this database.
- Who are Edgify's investors?
- Edgify's investors include Rank Ventures, Mangrove Capital.
- What does Edgify do?
- Edgify specializes in deep learning frameworks designed to run directly on edge devices, bypassing the need for cloud connectivity for high-speed processing. Their primary target market is the retail sector, where their technology is deployed to power automated checkout counters and shelf management systems that identify products in real time with high accuracy. The company distinguishes itself by enabling complex AI model training and inference locally on hardware, which significantly reduces latency and privacy concerns associated with cloud data transmission. Edgify recently secured $9 million in funding led by Rank Ventures and Mangrove Capital to scale its operations and further integrate its proprietary software into global supermarket infrastructures.
- Where is Edgify headquartered?
- Edgify is headquartered in Tel Aviv, Israel.
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