Skip to content
Enterprise Infrastructure Series A Founded 2017

Shanghai Lingmo Intelligent Technology

Shanghai Lingmo Intelligent Technology (RetailEye) is a provider of intelligent product recognition systems for offline retailers, using AI, AIoT, and big data to digitize retail auditing, retail display, and comprehensive offline retail data. The company's IoT platform can identify brands, sub-brands, and product SKUs, and integrates with smart freezers, smart shelves, and other retail systems. The platform offers…

📍 Xuhui, China · Cybersecurity,

Funding snapshot

Last roundSeries A
Amount$11M
Date7 September 2021
Total raised$11M
Team size8

About

Shanghai Lingmo Intelligent Technology (RetailEye) is a provider of intelligent product recognition systems for offline retailers, using AI, AIoT, and big data to digitize retail auditing, retail display, and comprehensive offline retail data. The company's IoT platform can identify brands, sub-brands, and product SKUs, and integrates with smart freezers, smart shelves, and other retail systems. The platform offers intelligent product checks, automatically generating in-store audit reports through photo upload operations, supporting SKU recognition, price tag recognition, and price recognition. RetailEye's capabilities span three categories: retail auditing for deep insight into terminal retail conditions without high labor costs; retail strategy optimization using data to optimize product display and close the information loop between people, goods, and store environment; and retail execution with a crowdsourced team for digital market execution. The company has processed over 280,000 market execution check rules, recognizes over 70,000 SKUs, holds over 30 patents and software copyrights, and achieves over 97 percent recognition accuracy. Clients include Danone, Unilever, Swire Coca-Cola, Budweiser China, Pernod Ricard, and various cosmetics, e-cigarette, beverage, and alcohol brands. RetailEye was named to KPMG China's Future Unicorn AI New睿 Unicorn list. Founded in 2017 and headquartered in Xuhui, China, the company has raised $10.8M in Series A funding from investors including Hua Capital, Meridian Capital, and svmuu.com.

Business model

Cybersecurity > IAM > Biometrics,

Security & Surveillance Technology > Surveillance > Video Surveillance > Analytics,

Image Recognition > Applications > Offline Retail > Retail Execution > Shelf Management,

RegTech > Fraud Detection > User Authentication > Multi Factor Authentication,

In Store Retail Tech > Analytics > Operations Intelligence > Shelf Analytics > Video

Institutional investors

Hua Capital Meridian Capital svmuu.com Yuanhe Yuandian

Latest coverage

No articles yet.

Raising like Shanghai Lingmo Intelligent Technology?

Analyze your pitch deck before your next raise.

Analyze My Deck →