Vilnius-based Pixevia, an AI pioneer in retail technology, has raised €340,000 in a bridge round extension led by Coinvest Capital, contributing €170,000. The round also saw participation from notable business angels, including Vladas Lašas and Renaldas Zioma. Pixevia specializes in autonomous stores and its cutting-edge Retail Core solution, which leverages standard video cameras to optimize store efficiency and security. The funding will support Pixevia’s expansion in Taiwan, Belgium, Italy, and Poland, bolstering its presence in key global markets.
Pixevia is an AI platform designed for the retail sector, utilizing standard security cameras to streamline operations, enhance customer experiences, and eliminate the need for traditional tills. By combining computer vision technology with real-time 3D operational tools, the platform enables store managers to monitor and optimize processes efficiently while offering brands deeper insights into consumer behavior. With a focus on physical grocery stores, which account for the majority of global transactions, Pixevia has introduced AI-driven solutions, including the launch of Europe’s first autonomous store, and continues to collaborate with top retailers to integrate its technology.
Viktorija Trimbel, Managing Director at Coinvest Capital: “Pixevia’s capacity to innovate has been remarkable. Our partnership with Pixevia aligns seamlessly with our mission to back technology-driven ventures that disrupt industries. This funding round reflects our confidence in Pixevia’s AI solutions and their potential to become a global leader in retail transformation.”
“This funding allows us to allocate more resources to specific countries and accelerate deployments, reaffirming our dedication to revolutionizing retail with AI-powered technologies,” said Mindaugas Eglinskas, Founder and CEO of Pixevia.
Pixevia develops AI solutions tailored for the retail industry, including autonomous stores and a new product line, Retail Core, which enhances store efficiency and security using standard video cameras only. Pixevia seamlessly integrates traditional brick-and-mortar retail with digital e-commerce strategies—offering deep insights into customer behavior, along with comprehensive visibility into store processes, performance, product availability, pricing, and advertising.
The new funding will fuel Pixevia’s ongoing rollouts in Taiwan, Belgium, Italy, and Poland, further reinforcing the company’s position in key global markets.
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Read the orginal article: https://arcticstartup.com/pixevia-raises-e340k/
