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

Stay updated with Reckon.ai. Subscribe to their blog at [Reckon.ai Blog](https://www.reckon.ai/blog).

Reckon.ai is for decision makers. Start today by booking a free demo at [Book a Free Demo](https://www.reckon.ai/book-free-demo).