Grabango - Winner of the Great Companies Global Business Award - 2023
Business Name: Grabango
Name: Will Glaser
Location: Berkeley, CA
Establishment (Year): 2016
Category / Industry: 𝐑𝐞𝐭𝐚𝐢𝐥
Sub Category / Sub Industry: Retail
Number of employees: 51-100 employees
Website URL: www.grabango.com
LinkedIn URL: https://www.linkedin.com/company/grabango/
Grabango is a leading provider of checkout-free technology to retailers. Their artificial intelligence platform relies exclusively on computer vision to deliver a fast and easy checkout experience for shoppers, streamline store operations and provide actionable insights into shelf conditions, store performance, and shopper behaviour. Specialization Product/Services:
They provide checkout-free technology that uses computer vision to 1) automate the checkout process (it's like self-checkout without the scanning) and 2) deliver new insights into store operations (including labour scheduling, out of stocks and shrink) and shopper behaviour.
Unique Value Proposition:
Grabango has by far the most advanced technology in the industry (including over 30 issued and nearly 100 filed patents globally). What makes their technology different: Fast and easy. Grabango keeps track of everything in the store so your customers don’t have to scan their items or wait in line; the Grabango Pay Station provides a large format, easy-to-use check out experience. A true retrofit solution. Grabango adapts to each retailer’s unique environment and product mix with no change to store layouts; they do not use shelf sensors, which dramatically increase costs to deploy and operate. Scalable to large stores. They operate seamlessly in large format stores with the ability to process millions of simultaneous transactions and tens of thousands of active SKUs. Lineless — not cashier less. Grabango does not need special gates or carts to work. Shoppers shop how they normally would and can check out with a cashier or with Grabango using their card or phone. Highly accurate and reliable. Grabango computer vision technology runs on fault-tolerant edge hardware, delivering 99.9% accuracy and uptime at a low cost. Easy to deploy and operate. This turnkey solution is designed to be virtually invisible inside the store; it is installed after-hours to avoid interruptions to store operations.
A customer’s review:
Most innovative products/services
Community / Society Service:
In addition to improving the lives of shoppers, Grabango focuses on giving back. Grabango is a member of Pledge 1%, committing time and proprietary technology to help eliminate food deserts and improve access to healthy food in underserved communities. From the people who use their services in stores to their employees behind the scenes, Grabango is for EVERYONE — regardless of race, ethnicity, age, gender identity, religion, sexual orientation, disability, and economic status. Our Diversity, Equity and Inclusion (DEI) team is composed of members who draw from their particular experiences and observations to share ideas, surface concerns and develop initiatives to create a more inclusive culture.