Company Research Report: Grabango Co.
Company Overview
Name, Mission of the Company
Name: Grabango Co.
Mission: To eliminate lines and save people time.
Founding Information
Founded: 2016
Founder: Will Glaser
Key People
- Will Glaser - Founder & CEO
- Andrew Radlow - Chief Revenue Officer
- John Hyun - Chief Financial Officer
- Ken Fenyo - Chief Marketing Officer
- Saralynn Malott - Chief Human Resources Officer
- Andrew Jensen - Chief Data and Operations Officer
- Sree Sankar - Senior Vice President, Product
- Phil Seaton - Senior Vice President, Engineering
- Trevor Darrell - Chief Scientist
- Mark Nitzberg - Computer Vision Science
Headquarters
Location: Berkeley, CA
Number of Employees
No information available
Revenue
No information available
Company Recognition
Grabango is known for providing checkout-free technology to grocery and convenience stores, allowing shoppers to skip the checkout line and simply walk out after scanning the code in their app.
Products
What Products Do They Offer
Grabango App
High-Level Description of the Product
The Grabango app allows shoppers to enter a store, shop as usual, and then skip the checkout line entirely. Shoppers simply scan a code in the Grabango app on their phones, and payment is automatically processed.
Key Features of Each Product
- Fast: Takes a tenth the time of conventional checkout.
- Free: Download the app for Android or Apple.
- Easy: No need to learn anything new or struggle with barcodes.
- Seamless Shopping: The system tracks the items you pick up and automatically adds them to your virtual cart.
- Automatic Payment: Scan the code in the app to pay and receive a receipt within the app.
- Privacy: No facial recognition technology is used; all data is anonymized.
Recent Developments
What are the Recent Developments in the Company
- 2024: Announced partnership with ALDI and the launch of the retail industry's first full-size grocery store retrofit with checkout-free technology powered by computer vision.
- 2023:
- Launched second Mapco store in the Nashville, TN area.
- Announced partnership with 7-Eleven to launch 10 stores in Australia.
- Announced partnership with Copec to upgrade 100 stores across South America with checkout-free technology.
- 2022:
- Joined Pledge 1%, committing proprietary technology to eliminate food deserts and improve access to healthy food in underserved communities.
- Launched Chevron ExtraMile store in San Ramon, CA.
- Launched first Mapco store in the Nashville, TN area.
New Products Launched
ALDIgo Checkout-Free Grocery Shopping (Powered by Grabango)
New Features Added to the Existing Products
No information available
New Partnerships
- ALDI: Launching a full-size grocery store retrofit with checkout-free technology.
- 7-Eleven: Launching 10 stores in Australia with checkout-free technology.
- Copec: Upgrading 100 stores across South America with checkout-free technology.
Conclusion
No additional commentary.