Caper has raised $10m in series A funding to develop its AI-powered shopping carts. Lux Capital led the funding round. The startup is based on a concept that was first proposed by the MIT Media Lab and developed at Google X, where it received seed funding. Caper's carts feature screens displaying product details, recipes and tailored recommendations to customers as they shop. The carts also streamline the checkout process. The company will use the latest funding to expand its team, as it seeks to roll out more than 1,000 carts to several North American grocery chains over the next year.
Caper has raised $10m in series A funding to develop its AI-powered shopping carts. The startup is based on a concept that was first proposed by the MIT Media Lab and developed at Google X, where it received seed funding. Caper's carts feature screens displaying product details, recipes and tailored recommendations to customers as they shop. The carts also streamline the checkout process. The company will use the latest funding to expand its team, as it seeks to roll out more than 1,000 carts to several North American grocery chains over the next year.