Trigo Funding History

Trigo is an Israeli computer-vision retail company powering cashierless stores and shrink reduction for Tesco, REWE and other grocers.

Company Overview

Trigo logo

Trigo

  • AI Recognition Tools

Founded 2018 · Tel Aviv, Israel

Official Website

Trigo Funding Timeline

  1. Announced Jun 16, 2021

    Series B Extension

    US$10 million

    REWE’s investment was part of a partnership that was to begin with a checkout-free grocery store in Cologne.

    Led by REWE, Viola Ventures.

    Source · techcrunch.com ↗
  2. Announced Dec 21, 2020

    Series B

    US$60 million

    Trigo said the 83North-led financing would fund R&D and expansion of its checkout-free grocery platform into more markets.

    Led by 83North. Participation included Vertex Ventures Israel, Hetz Ventures, Red Dot Capital Partners.

    Source · sttinfo.fi ↗
  3. Announced Sep 16, 2019

    Series A

    US$22 million

    The investment brought Trigo’s total funding to $29 million as it built checkout-free systems for grocery stores.

    Led by Red Dot Capital Partners. Participation included Vertex Ventures Israel, Hetz Ventures.

    Source · techcrunch.com ↗
  4. Announced Jul 11, 2018

    Seed

    US$7 million

    Trigo came out of stealth with a ceiling-camera system that identified shoppers’ purchases without a conventional checkout. The company planned to use the funds to expand its R&D team.

    Led by Hetz Ventures, Vertex Ventures Israel.

    Source · prnewswire.com ↗
  5. Date under review

    Series C

    US$100 million

    Trigo planned to expand into larger stores and develop StoreOS, its software for operating checkout-free shops.

    Led by Temasek.

    Source · reuters.com ↗

Trigo Founding Team

Trigo’s founding team applied computer vision to grocery stores, where the same technology can support checkout and inventory workflows. The founding team included Michael Gabay and Daniel Gabay (CEO).

Trigo Products

  • Trigo

    Use store cameras to support checkout and help detect losses.

Trigo Company Development

Store Operations Extend the Checkout Business

Trigo's early deployments brought computer vision to grocery checkout. The company also applies its store visibility to shrink reduction, taking the system beyond payment into the operational problem of identifying where inventory is lost.

Trigo Competitive Landscape

Cashierless Systems in Existing Grocery Stores

Trigo and Amazon's Just Walk Out both address automated checkout. Trigo's work with existing grocers makes integration with the retailer's store operations an important comparison point alongside the accuracy of basket detection.