Pixevia claims to be the first technology platform to offer AI-driven real-time receipts in stores.
This technology can be easily introduced into high-traffic stores such as convenience stores, gas stations, and container stores.
It also offers superior protection against theft and provides an app-less tap-in/tap-out shopper experience.
“Pixavia's clear success last year was more than just our expectations,” said Viktorija Trimbel, Managing Director at Coinvest Capital.
“In many ways, Pixavia anticipates the major change in retailer attitudes towards autonomous stores that has occurred over the last year, and our recent report shows that Pixavia is investing on a pari passu basis to continue its growth. I am very happy to be able to play a part in this.''The obligation has been extended. ”
“2023 was a watershed year for our company, our products, and our overall expansion efforts in Lithuania and beyond,” said Mindaugas Eglinskas, founder and CEO of Pixavia.
“This co-financing round is very timely and exactly what we need to continue our momentum and enter many new markets where demand is already there.”
“We are very pleased to continue to support the company and build strong commercial traction in Europe and the United States,” said Kasparas Jurgelionis, Managing Partner at Iron Wolf Capital.
“Pixavia is delivering faster and cheaper than anyone else during the most disruptive technology adoption cycle for retailers in decades. We are in a great position to take advantage of it.”
In 2019, Pixevia launched the first AI-powered store in Europe.
Since 2021, the company has partnered with Lithuanian supermarket giant IKI, which is part of REWE.
The partnership resulted in five autonomous stores. A total of 16 stores have been opened to date to serve customers in Europe, the United States, and the Middle East.
