Incorporated in 2017, Sensei is a provider of autonomous stores, offering an AI-powered solution for retailers to build efficient operations and deliver a frictionless shopping experience. The Company has created a technology that combines AI, computer vision, and machine learning, enabling physical stores to become autonomous spaces, without the need to scan product barcodes, wait in lines for cash registers, or even make physical payments.
On 26 February 2018 Sensei raised a pre-seed funding of €500 million from retailers METRO AG – LeadX Capital (Germany) and Sonae IM – Bright Pixel Capital (Portugal), Techstars Accelerator (USA) Class of Berlin 2017’ and business angels.
On April 27, 2021, the Portuguese start-up has secured a seed round of €5.4 millions, the largest seed funding round to date by a Portuguese Company and the first European autonomous retail technology vendor to raise venture capital funding.
The funding was led in partnership by Seaya Ventures and Iberis Capital, following investments from LeadX Capital and the fund managed by Banco Português de Fomento.
Main reasons given for financing through Capital
“We are very excited to have the opportunity to join the Sensei team in their journey to completely transform the way we shop at a physical store, and we are looking forward to supporting them through our experience of scaling high-growth international businesses. We are delighted to invest in a business that is part of the digitalization of commerce, a trend that is currently clearly being accelerated.”
Aris Xenofontos – Partner at Seaya Ventures.
Through investment by Venture Capital Investors, Sensei received funding needed to make possible to achieve its growth and development expectations, as well as, teamed up with partners with deep knowledge and connects in the IT area and retail sector.
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