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Reckon.ai

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Company Research Report: Reckon.ai



Company Overview


Name: Reckon.ai

Mission: Enabling AI-Powered Fast, Reliable, and Frictionless Shopping Experiences.

Founded: 2017 by Ana and Paulo, two engineers with expertise in Artificial Intelligence, Computer Vision, and Retail.

Key People:
- Ana (Co-founder)
- Paulo (Co-founder)

Headquarters: Rua Gonçalo Cristóvão, 136, Porto, Portugal

Number of Employees: No information is available

Revenue: No information is available

Known For:
- Developing AI-powered, cashierless, and fully automated Grab & Go SmartStores called MicroStores.
- Integrating Artificial Intelligence, Product Recognition, Cameras, Sensors, and User Experience Design to create Smart Spaces.

Products



MicroStores


Description: A 24/7, cashierless, fully automated Grab & Go SmartStore designed for locations like airports, offices, train stations, and hotel lobbies.

Key Features:
- AI Driven: Utilizes cloud-based AI algorithms to recognize and identify products and interactions.
- Fully Automated: Automated checkouts and replenishments; payment is processed automatically.
- One Day Setup: Personalized setup, with close follow-up during the initial months of operation.
- Real-Time Data: Continuous real-time data exchange for better customer behavior prediction and stock management.

Retrofit Solutions


Description: Upgrade existing pre-owned equipment into AI-Powered Smartstores.

Key Features:
- Backoffice Platform: Integrated platform for real-time customer and stock analysis.
- Additional Functionalities: Enhancements to existing hardware for new functionalities.

Corner Stores


Description: Smart Boutique Store Concept for unattended retail in locations up to 30m².

Key Features:
- Flexibility: Allows for a variety of product assortments and scalability in size and technology.

Custom Intelligent Cabinets


Description: Custom Intelligent refrigerated, non-refrigerated, frozen, or hot cabinets for different business needs.

Key Features:
- Turnkey Solutions: Developed through collaborations with top hardware producers for enhanced convenience and consumer experiences.

Recent Developments



New Products Launched


- MicroStores: First launched in 2019.
- Retrofit Solutions: Allows upgrading old equipment with new AI capabilities.
- Corner Stores: Introduced as an expanded version of SmartStores.

Partnerships


- Jerónimo Martins: Developed the first prototype as a Pingo Doce supermarket in 2019, installed at Nova School of Business and Economics.
- NOS: Supports Reckon.ai's innovative solutions benefiting from 5G technology.

Seed Round Investment


- 2021: Received €1.5 million in seed round investment to expand and develop further solutions.

Global Expansion


- 2022: Multiple MicroStores operating globally in supermarkets, malls, offices, universities, etc.

New Features Added to Existing Products


- Backoffice Platform: For real-time store management and data analytics.
- API Integration: For seamless integration into existing systems.

Reviews and Testimonials


- André Ribeiro Faria, Jerónimo Martins CMO: Praised the use of new technologies for enabling convenience shopping in less than a minute 24/7.
- Jorge Graça, CTO of NOS: Expressed excitement about supporting Reckon.ai's innovative solutions, especially with the introduction of 5G.

Global Presence


- Countries with Live Stores: Portugal, France, UAE, Netherlands, Belgium

Contact Information


General Inquiries: hello@reckon.ai

Careers: careers@reckon.ai

HQ Address: Rua Gonçalo Cristóvão, 136, 4000-266 Porto, Portugal




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