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Caper AI

Caper AI

Caper offers contactless and automated checkout, powered by AI and computer vision.

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Contents

caper.ai
Is a
Company
Company
Organization
Organization

Company attributes

Industry
Software
Software
Gaming
Gaming
Educational Technology
Educational Technology
‌
Retail software
Technology
Technology
Shopping
Shopping
Retail
Retail
‌
Consumer packaged goods (CPG)
...
Location
Brooklyn
Brooklyn
New York
New York
New York City
New York City
CEO
Lindon Gao
Lindon Gao
Founder
York Yang
York Yang
Ben Geilher
Ben Geilher
‌
Ahmed Beshry
‌
Yilin Huang
Pitchbook URL
pitchbook.com/profiles...229083-94
Accelerator
Plug and Play
Plug and Play
Y Combinator
Y Combinator
Accelerator Batch
‌
Y Combinator W16 Batch
Plug and Play Brand and Retail Batch 6
Plug and Play Brand and Retail Batch 6
Parent Organization
Instacart
Instacart
0
Number of Employees (Ranges)
11 – 50
Email Address
hello@caper.ai
Full Address
230 West 39th Street, New York, New York 10018, US
Investors
Hardware Club
Hardware Club
HCVC
HCVC
Y Combinator
Y Combinator
First Round Capital
First Round Capital
Bryan Kennedy
Bryan Kennedy
FundersClub
FundersClub
Lux Capital Management
Lux Capital Management
LEGO Ventures
LEGO Ventures
...
Founded Date
2016
Total Funding Amount (USD)
3,000,000
Latest Funding Round Date
January 10, 2019
Acquisition Transaction
‌
Acquisition of Caper AI by Instacart
Also Known As
Caper
Latest Funding Type
Seed
Seed
Patents Assigned (Count)
1
Country
United States
United States
Headquarters
New York City
New York City

Other attributes

Company Operating Status
Active
Funding Type
Pre-Seed
Pre-Seed
Latest Funding Round Amount (USD)
3,000,000
Wikidata ID
Q105605301
Y Combinator URL
ycombinator.com/companies/caper
Overview

Caper AI (alternatively known as Caper) is a software technology company that develops and implements self-service checkout shopping carts as well as AI-based software applications for retailers, wholesalers, and distributors of fast-moving consumer goods, mainly in the grocery, convenience store, and foodservice industries.

History

The company was founded in 2016 by Lindon Gao and York Yang with its main office based out of New York. Since its inception, the company has focused on the development of automated checkout software for grocery retailers. According to Wall Street Journal, Caper's technology started to roll out in US and Canada grocery stores in 2019. In 2019, Sobeys, the second-largest food retailer in Canada, publicly announced the commercial deployment of the Caper's Smart Cart technology with its first location being at Glen Abbey Sobeys supermarket in Oakville, Ontario.

Other deployments include Foodcellar & Co., C-town, Met Fresh Market, Pioneer Supermarkets, Gala Fresh Farms, and Brooklyn Fare. In autumn 2020, the company introduced Caper Counter, a cashierless countertop for small grocery stores under 10,000 sq feet and fewer than 10,000 SKUs with software applying machine learning algorithms, computer vision, and Sensor Fusion technology.In 2020, one of the largest American chain retailers Kroger launched "KroGo" AI-powered shopping carts, developed by Caper AI. The pilot program was introduced at one of its stores in Cincinnati, Ohio.

Caper AI closed its series A round of funding for $10 million in 2019.

Technologies
  • Caper AI uses several technologies to automate retail payment processing, including:
  • computer vision
  • deep learning algorithms
  • sensor fusion for the purchase, checkout, and payment steps
  • weight sensors
  • computer vision equipped on each shopping cart for automatic self-service checkout.

The company claims that its technology can recognize products that are similar or identical but can also differentiate between them based on variety and size. The software is installed on Caper Smart Carts that automatically detect the items put in it and calculate the total cost using cameras, scale, weight sensors, and computer vision equipped on each shopping cart for automatic self-service checkout.

Caper builds autonomous retailer devices and solutions powered by deep learning and computer vision. Caper was a pivot from QueueHop during its participation in the YC W16 cohort of Y Combinator.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date
No Further Resources data yet.

References

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