Trigo to launch contactless grocery stores in Europe and Israel
“The health crisis has created intense pressure to implement technologies that will do away with lines and crowding,” said CEO
Nurit Kadosh | 09:33 30.07.2020
Israeli retail startup Trigo Vision Ltd. is set to open its first automated, contactless food store. A source with knowledge of the move told Calcalist on condition of anonymity that the store will launch in a yet to be named western European country in the fourth quarter of 2020 and will be followed by the opening of a second store in Israel, under the Shufersal retail chain brand. Trigo was founded in 2017 and has raised $34 million to date from venture capital firms such as Vertex Ventures, Hetz Ventures and Red Dot Capital, as well as from British supermarket giant Tesco. Its platform combines computer vision with a network of cameras that is able to track customers’ movements and the products they gather in real time, with the payment completed via an app on shoppers’ phones, eliminating the need to pay at the cash register before exiting the store. Trigo’s system also aids in automated inventory management.
Trigo’s solution is perfectly suited to a world in which people are required to maintain social distancing. “The demand for the solutions we offer has increased in the wake of the pandemic,” Gabay said, adding that “supermarkets around the world wish to avoid concentrating people in the checkout line and conducting transactions in cash. Consumers are even cautious of placing their fingers on touchscreens or keyboards of self-service checkout counters. Our solution prevents that. Last week we signed an agreement with one of the world’s largest retailers, to network their stores with our system.” According to Gabay, the system’s installation does not require a preliminary financial investment by the retailer, due to financing agreements offered by the hardware companies: “The retailer receives the system and pays for it in installments over many years, so that the profit generated by the system covers the monthly cost.”